Trinity One Metals Closes Fully Subscribed Private Placement

Core Points - Trinity One Metals Ltd. has successfully closed a non-brokered private placement offering, issuing 15,000,000 units at a price of $0.05 per unit, resulting in total gross proceeds of $750,000 [1][3] Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, with warrants allowing the purchase of one common share at $0.075 until October 17, 2028 [2] - The company paid finder's fees of $23,850 and issued 477,000 finder's warrants, which are exercisable at $0.075 until October 17, 2027 [3] - The net proceeds from the offering will be used for assessing new growth opportunities, maintaining the existing exploration portfolio, and for general working capital [3] Regulatory Compliance - All securities issued under the offering are subject to a hold period expiring on February 18, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies [4] - The offering is pending final approval from the TSX Venture Exchange [4] Related Party Transactions - Two directors and an officer participated in the offering, contributing a total of $142,500, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [5] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the participation not exceeding 25% of the company's market capitalization [5] Director Holdings - Matthew Wood, a director, acquired 550,000 units for $27,500, increasing his holdings to approximately 8.87% on an undiluted basis and 15.10% on a partially diluted basis [6] - Thomas Wood, an officer and director, acquired 2,000,000 units for $100,000, representing approximately 6.00% on an undiluted basis and 11.33% on a partially diluted basis [7]