- TRU Precious Metals Corp. (TRU) has closed a non-brokered private placement for gross proceeds of $617,000
- The company raised $500,500 from flow-through units
- The company raised $116,500 from hard dollar units
- Proceeds will be used to fund further exploration of its flagship Golden Rose Project
- TRU’s projects include Golden Rose, Twilite Gold Project, Rolling Pond Property, Stony Lake Property, and Gander West
- TRU Precious Metals Corp. (TRU) opened trading at C$0.06
TRU Precious Metals Corp. (TRU) has closed a non-brokered private placement for gross proceeds of $617,000.
The company raised $500,500 by issuing flow-through units at $0.065. Each FT unit consists of one flow-through common share and one-half of one flow-through common share purchase warrant. Each full FT warrant entitles the holder to purchase one additional non-flow-through common share at a price of $0.10 for a period of 24 months.
The company also raised $116,500 by issuing hard dollar units at $0.055. Each HD unit consists of one share and one share purchase warrant. Each HD warrant entitles the holder to purchase one additional share at a price of $0.08 for a period of 36 months.
Proceeds from the offering will be used to fund further exploration of the company’s flagship Golden Rose Project in central Newfoundland.
GloRes Securities Inc. acting as finder received cash commissions totalling $38,885, and 609,000 finder warrants.
TRU Precious Metals is focused on the acquisition and exploration of gold properties. Its projects include Golden Rose, Twilite Gold Project, Rolling Pond Property, Stony Lake Property, and Gander West.
TRU is a portfolio company of Resurgent Capital Corp., a merchant bank providing venture capital markets advisory services and proprietary financing.
TRU Precious Metals Corp. (TRU) opened trading at C$0.06.