Trojan Gold Inc. Clarifies Status of Its Non-Brokered Unit Offering

Core Viewpoint - Trojan Gold Inc. is planning to close a non-brokered private placement of 2,000,000 units at a price of $0.10 per unit, aiming for total gross proceeds of $200,000 by December 31, 2025 [1][2]. Group 1: Private Placement Details - The private placement will consist of units that include one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at an exercise price of $0.15 for 24 months from the closing date [2]. - The total subscription price of $200,000 has been satisfied by amounts previously advanced to the company [1]. - All securities from the placement will be subject to a four-month and one-day hold period from the closing date, and no finders' fees will be paid [3]. Group 2: Related Party Transaction - The issuance of the units is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from valuation and minority approval requirements as the fair market value does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview - Trojan Gold Inc. is an Ontario-based prospect generator junior exploration company, focusing on mineral exploration potential in the Hemlo Gold Camp and Shebandowan Greenstone Belt [5]. - The company is listed on the Canadian Securities Exchange under the symbol CSE: TGII and on the Frankfurt Exchange under the symbol KC1 [5].