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Fredericton, New Brunswick (Newsfile Corp. - March 1, 2021) - Further to its press release dated February 16, 2021, TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) ( TRU or the Company ) is pleased to announce that it is upsizing its non-brokered private placement (the Offering ) due to strong investor demand. The Company now anticipates that the Offering will be completed for gross proceeds of not less than $2,500,000, consisting of not less than 11,363,637 subscription receipts (the Subscription Receipts ) at a price of $0.22 per Subscription Receipt, subject to TSX Venture Exchange (the Exchange ) approval, with a lead order from Palisades Goldcorp Ltd. ( Palisades ).
TRU Co-Founder and CEO Joel Freudman commented: We are very pleased with the significant demand we are seeing for the Offering. TRU anticipates participation from several institutional investors, including the lead order from Palisades, and retail brokerages, as well as existing shareholders and memb