Troubadour Resources Launches Private Placement for Capital Funding

Troubadour Resources Inc., a Vancouver-based mineral exploration company, announced a non-brokered private placement to raise up to $3 million. The offering consists of 150 million units priced at $0.02 each, with each unit comprising one common share and one warrant. Each warrant allows the purchase of an additional common share at $0.025 for up to 24 months from issuance. The proceeds will support general corporate operations.

Additionally, the company introduced a flow-through unit private placement to raise up to $600,000. Each of the 24 million FT units will include a flow-through common share and a warrant, also exercisable at $0.025 per share for 24 months. These funds are earmarked for Canadian exploration expenses compliant with tax regulations.

The offerings are pending regulatory approval from the TSX Venture Exchange. Issued securities will have a statutory hold period of four months and one day.