Trinity One Metals Announces Upsized Private Placement

Core Viewpoint - Trinity One Metals Ltd. has increased the proceeds of its non-brokered private placement from $400,000 to $600,000 due to strong investor demand [1]. Group 1: Offering Details - The company plans to issue up to 12,000,000 units at a price of $0.05 per unit, aiming to raise total gross proceeds of up to $600,000 [2]. - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.075 within thirty-six months after the closing date, pending TSX Venture Exchange approval [2]. Group 2: Use of Proceeds - Net proceeds from the sale will be allocated for assessing new growth opportunities, maintaining the existing exploration portfolio, and general working capital [3]. Group 3: Regulatory and Compliance - All securities issued will have a hold period of four months and one day post-issuance, in line with applicable securities laws and TSXV policies [4]. - The offering and any finder’s fees are subject to necessary regulatory approvals, including TSXV approval [4]. Group 4: Related Party Transactions - Certain insiders, including officers and directors, plan to subscribe for 4,300,000 units, which qualifies as a related party transaction under MI 61-101 [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of insider participation not exceeding 25% of the company's market capitalization [5].