Troy Minerals Inc. (“Troy” or the “Company”) (CSE:TROY)(OTCQB:TROYF) is pleased to announce that the Company has closed a private placement offering of 8,571,994 common shares of the Company at a price of $0.35 per share for gross proceeds of $3,000,200. The Company intends to proceed with a second tranche of the offering.
In connection with the offering, the Company paid total cash commissions of $46,660 and issued 133,315 finder’s warrants. Each finder’s warrant is exercisable into a common share of the Company at an exercise price of $0.35 for a period of two years from the date of closing of the Private Placement.
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