Trans Canada Gold Concludes Private Placement and Plans Phase 2 Drilling

Trans Canada Gold Corp., listed as TSXV:TTG, successfully closed the final tranche of its non-brokered private placement, raising CDN $61,018. Combined with the initial tranche, total gross proceeds reached CDN $2,205,737.

The latest closure included the issuance of 242,200 flow-through units and 88,234 non-flow-through units. The funds are allocated for Canadian exploration expenditures at the Harrison Lake Gold Project in British Columbia. This includes both eligible flow-through expenditures and general capital.

Phase 2 of drilling at the Harrison Lake Gold Project is set to receive a substantial portion of the investments. Plans include a detailed budget for underground and surface drilling activities. Additionally, Trans Canada aims to reserve funding for future oil and gas exploration in Alberta.

The firm incurred overall finders' fees amounting to $152,161.61 and issued numerous finders' warrants. A related party transaction saw an insider participate in the offering, subscribing for 58,823 units.