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An update from Trojan Gold, Inc. ( (TSE:TGII) ) is now available.
Trojan Gold Inc. clarified that it has not yet closed its previously announced non-brokered private placement and now expects to complete the financing on or about December 31, 2025. The placement will consist of 2,000,000 units at $0.10 per unit for total gross proceeds of $200,000, satisfied by amounts previously advanced to the company, with each unit comprising one common share and one warrant exercisable at $0.15 for 24 months, subject to an acceleration clause. All securities issued will be subject to a four-month-plus-one-day hold period, no finders’ fees will be paid, and the financing is classified as a related-party transaction under Canadian securities rules, though Trojan has relied on exemptions from formal valuation and minority approval requirements because the deal size is below 25% of its market capitalization.
Spark’s Take on TSE:TGII Stock
According to Spark, TipRanks’ AI Analyst, TSE:TGII is a Underperform.
Trojan Gold, Inc. faces significant financial difficulties, with no revenue and consistent losses. Technical indicators show a bearish trend, and valuation metrics are poor. The overall outlook remains negative due to these financial and technical weaknesses.
To see Spark’s full report on TSE:TGII stock, click here.
More about Trojan Gold, Inc.
Trojan Gold Inc. is an Ontario-based junior exploration and prospect generator focused on mineral exploration in Canada, with land positions in the Hemlo Gold Camp and Shebandowan Greenstone Belt that management views as having significant exploration potential. The company is led by a team with experience in exploration, engineering, project financing and permitting, and its shares trade on the Canadian Securities Exchange under the symbol TGII and on the Frankfurt Exchange under the symbol KC1.
Average Trading Volume: 296,267
Technical Sentiment Signal: Hold
Current Market Cap: C$1.37M
See more data about TGII stock on TipRanks’ Stock Analysis page.