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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
TRU Precious Metals Corp : TRU Precious Metals Signs Definitive Option Agreement with Subsidiary of Altius Minerals to Purchase Golden Rose Project
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(MENAFN - Newsfile Corp) TRU Precious Metals Announces Private Placement of Subscription Receipts with a Lead Order from Palisades Goldcorp
Fredericton, New Brunswick (Newsfile Corp. - February 16, 2021) - TRU Precious Metals Corp. (TSXV:TRU) (OTCQB:TRUIF) ( TRU or the Company ) is pleased to announce that it intends to undertake a non-brokered private placement for minimum gross proceeds of C$1,000,000 (the Offering ), subject to TSX Venture Exchange (the Exchange ) approval, with a lead order from Palisades Goldcorp Ltd. The Offering shall consist of not less than 4,545,455 subscription receipts (the Subscription Receipts ) at a price of $0.22 per Subscription Receipt.
Each Subscription Receipt will, upon completion of the Company s Change of Business (as defined below) and certain other customary conditions for a transaction of this nature, be automatically exercised into one unit of the Company (each, a Unit ). Each Unit will be comprised of one (1) common share in the
0.68
Note that the drill hole assay data above was taken from historical press releases of another company which were disseminated prior to National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“
NI 43-101”) being enacted and Southern Sky was not able to locate these drill cores for independent verification.
Over the last eighteen months, Southern Sky has been working with a publicly traded company, Zonte Metals Inc. (TSX:V-ZON) (“
Zonte”), whereby Zonte provided technical advice and permitted Southern Sky to secure a five-year option agreement with a Colombian private company that holds Project X. Southern Sky has the rights to acquire a net 75% interest in the property and Zonte retains the rights to a 25% carried interest until a production decision. Southern Sky shall be the operator of Project X.
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Fredericton, New Brunswick (Newsfile Corp. - December 18, 2020) - TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) ( TRU or the Company ) is pleased to announce that Barry Greene, P.Geo., who is currently the Company s Exploration Advisor, has been appointed as Vice President, Property Development of the Company. Mr. Greene will be instrumental in identifying potential property transactions and corporate M&A prospects, alongside overseeing exploration plans to enhance the value of the Company s investment property portfolio in the Central Newfoundland Gold Belt. He will also remain a member of the Company s Technical Committee.
A geoscientist with over 30 years of experience, Mr. Greene is based in Grand Falls-Windsor, Newfoundland, only 15 kilometers drive from TRU s Twilite Gold Project. Mr. Greene has worked across Canada, in the United States and internationally for multi-national geological and engineering consulting companies like Amec Foster Wheeler, Wood Plc., BP
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