BCF supported Troilus Gold Corp. in the completion of $15,757,216 private placement of flow-through sharesJune 7th, 2018
On June 5, 2018, Troilus Gold Corp. (Troilus), a Toronto-based, Québec focused, advanced stage exploration and early-development mining company listed on the TSX Venture Exchange, announced that it completed:
a private placement on a bought-deal basis of 4,070,000 common shares of Troilus that qualify as "flow-through shares" sold on a charitable flow-through basis, issued at a price of $2.46 per charitable FT share for gross proceeds of $10,012,200; and
a private placement on a "best efforts" basis of 3,156,602 common shares of Troilus that qualify as "flow-through shares" at a price of $1.82 per traditional FT share for gross proceeds of $5,745,016.
Troilus was represented by Cassels Brock with the support of our partner Marc-André Godard for Canadian Federal and Québec tax matters. The gross proceeds of the offering are to be used by Troilus to incur Canadian exploration expenses on its Troilus gold and copper project located in Québec.
BCF is proud to have contributed to this major transaction for Québec’s economy.