May 19, 2020 - Trifecta Gold Ltd. (TSX-V: TG) ("Trifecta" or the "Company") announces a private placement of up to $200,000, to consist of the sale of up to 8,000,000 common shares at a price of $0.025 per share. This private placement will be conducted pursuant to the "Temporary Relief of $0.05 Minimum Pricing Requirement" as published by the TSX Venture Exchange in its "Notice to Issuers" dated April 8, 2020.
All of the shares issued pursuant to this private placement will be subject to a hold period in Canada of four months plus one day from closing. The proceeds from this private placement, which is subject to TSX Venture Exchange acceptance, will be used for working capital purposes.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal exploration company dedicated to increasing shareholder value through the acquisition and advancement of attractive exploration projects in Canada and other mining-friendly jurisdictions.
ON BEHALF OF THE BOARD
"Richard Drechsler"
Interim President and CEO
For further information concerning Trifecta or its various exploration projects please visit www.trifectagold.com or contact:
Corporate Information
Trifecta Gold Ltd.
Richard Drechsler
Interim President and CEO
Tel: (604) 687-2522 ext. 262
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
