Trojan Gold Raises $200,000 in Non-Brokered Unit Offering

Trojan Gold, Inc. ( (TSE:TGII) ) just unveiled an announcement.

Trojan Gold Inc. has completed a non-brokered private placement, issuing 2 million units at $0.10 per unit for gross proceeds of $200,000, with each unit consisting of one common share and a warrant exercisable at $0.15 for 24 months. The financing, which involved related parties but fell below thresholds requiring a formal valuation or minority approval, strengthens the company’s balance sheet using funds already advanced and may support ongoing exploration activities without incurring finder fees, while subjecting the new securities to a standard four‑month hold period.

The most recent analyst rating on (TSE:TGII) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Trojan Gold, Inc. stock, see the TSE:TGII Stock Forecast page.

Spark’s Take on TSE:TGII Stock

According to Spark, TipRanks’ AI Analyst, TSE:TGII is a Neutral.

The score is held down primarily by weak financial fundamentals (pre-revenue, ongoing losses, and negative free cash flow). This is partially offset by strong recent technical momentum (price above major moving averages and positive MACD). Valuation provides limited support due to negative earnings and no dividend yield data.

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

Average Trading Volume: 155,013

Technical Sentiment Signal: Buy

Current Market Cap: C$1.83M

For an in-depth examination of TGII stock, go to TipRanks’ Overview page.