Source: Troilus Gold
  • Troilus Gold Corp. (TLG) has closed its previously-announced asset sale to Sayona Mining for 184,331,797 million shares, representing a value of $40 million
  • Troilus has issued a total of 9,883,163 common shares to Sayona for gross proceeds of $4,842,749.87
  • Troilus Gold Corp. is a Canadian-based junior mining company
  • Troilus Gold Corp. (TLG) opened trading at C$0.55

Troilus Gold Corp. (TLG) has closed its asset sale to Sayona Mining for 184,331,797 million shares, representing a value of $40 million.

Troilus has also been granted a 2 per cent net smelter returns royalty on all mineral products from the transferred claims.

Troilus has issued a total of 9,883,163 common shares to Sayona for gross proceeds of $4,842,749.87. Sayona has been granted participation rights to maintain its equity interest so long as it maintains said interest at or above 5 per cent.

Troilus Gold Corp. is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production.

Troilus Gold Corp. (TLG) opened trading at C$0.55.


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