TGLDF - Trillium Gold Mines to raise C$5M in brokered private placement

Trillium Gold Mines (OTCQX:TGLDF) entered into an agreement with Red Cloud Securities for private placement for gross proceeds of up to C$5M from the sale of any combination of the following: Units at C$0.53/unit Flow-through units at C$0.6/FT Unit Charitable FT Units to be sold to charitable purchasers at C$0.75/charity FT unit. Each unit will consist of one share and one half of one share purchase warrant; each FT unit will consist of one share to be issued as a "flow-through share"; each warrant holder is entitled to purchase one share at C$0.8. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses.  The Unit Shares, FT Shares and Warrant Shares will have a hold period of four months and one day from the closing date. Offer is scheduled to close on or around Feb.28.

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Trillium Gold Mines to raise C$5M in brokered private placement