Trident Resources Completes $2.25 Million Flow-Through Financing

Core Points - Trident Resources Corp. has successfully closed a non-brokered private placement financing, raising total gross proceeds of CAD $2,250,000 [1][2] - The financing involved the issuance of 3,000,000 units at a price of CAD $0.75 per unit, each unit consisting of one flow-through common share and one-half of a transferable warrant [2] - The proceeds will be utilized for exploration and drilling programs at the company's Saskatchewan Gold Projects [3] Financial Details - The company has paid finder's fees of CAD $90,000 to an arm's-length party in relation to the private placement [2] - Trident currently has over CAD $10 million in its treasury, which includes cash and cash-equivalent assets [4] Project Focus - The company plans to focus on exploration work, including drilling at Contact Lake to confirm high-grade potential resources and test the extension of the trend [4] - The exploration efforts are set to generate extensive news flow from assay results expected in the second half of 2025 [4] Regulatory and Tax Considerations - The private placement is subject to final approval from the TSX Venture Exchange, and all securities issued will be subject to a four-month-and-one-day hold period [3] - The gross proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses, which will be renounced in favor of the subscribers effective December 31, 2025 [4] Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan, including the Contact Lake and Greywacke Lake projects [6]