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Troilus Gold Corp. Completes $15,757,216 Private Placement of Flow-Through Shares

Published: 06/05/2018

Team: Andre Boivin, James Lyle

On June 5, 2018, Troilus Gold Corp. (“Troilus” or the “Company”), a Toronto-based, Québec focused, advanced stage exploration and early-development mining company listed on the TSX Venture Exchange,  announced that it completed: (i) a private placement on a bought-deal basis of 4,070,000 common shares of the Company that qualify as “flow-through shares” sold on a charitable flow-through basis (the “Charitable FT Shares”), issued at a price of $2.46 per Charitable FT Share for gross proceeds of $10,012,200; and (ii) a private placement on a “best efforts” basis of 3,156,602 common shares of the Company that qualify as “flow-through shares” (the “Traditional FT Shares” and together with the Charitable FT Shares, the “Flow-Through Shares”) at a price of $1.82 per Traditional FT Share for gross proceeds of $5,745,016. The offering was completed through a syndicate of underwriters co-led by GMP Securities L.P. and National Bank Financial Inc. and including Desjardins Securities Inc., Echelon Wealth Partners Inc., Haywood Securities Inc., Mackie Research Capital Corporation and PI Financial Corp. The gross proceeds of the offering are to be used by the Company to incur Canadian exploration expenses on its Troilus gold and copper project located in Québec.

Troilus was represented by Cassels Brock with a team comprised of André Boivin and James Lyle (Securities and Mining) with the support of Marc-André Godard of BCF LLP (for Canadian Federal and Québec tax matters).