Trojan Gold Raises $200,000 in Non-Brokered Related-Party Unit Financing

Trojan Gold, Inc. ( (TSE:TGII) ) has shared an update.

Trojan Gold Inc. has closed a non-brokered private placement, issuing 2,000,000 units at $0.10 per unit for gross proceeds of $200,000, with the subscription price satisfied by amounts previously advanced to the company. Each unit consists of one common share and one warrant exercisable at $0.15 for 24 months, and the financing, conducted without finders’ fees, is classified as a related-party transaction but falls below the threshold requiring a formal valuation or minority approval under Canadian securities rules, providing the junior explorer with additional capital while maintaining compliance with minority shareholder protections.

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’s Hemlo Gold Camp and Shebandowan Greenstone Belt. Led by a team with experience in exploration, engineering, project financing and permitting, the company is listed on the Canadian Securities Exchange under the symbol TGII and on the Frankfurt Exchange under the symbol KC1.

Average Trading Volume: 299,553

Technical Sentiment Signal: Hold

Current Market Cap: C$1.14M

For detailed information about TGII stock, go to TipRanks’ Stock Analysis page.