Trans Canada Gold Completes Private Placement and Prepares Drilling

Trans Canada Gold Corp. has finalized its non-brokered private placement, gathering a total of CDN $2,205,737. The latest tranche raised CDN $61,018 by issuing 242,200 flow-through units (FT Units) and 88,234 non-flow-through units (NFT Units), providing the company with further capital for exploration. This funding supports ongoing activities at the Harrison Lake Gold Project in British Columbia.

The proceeds will finance Phase 2 drilling, with a focus on both surface and underground operations. The budget allocates approximately $1,700,000 for these expenses, including 15% contingency. Remaining funds will strengthen general working capital and support future undertakings in Alberta.

Finders' fees for the placement include cash commissions totaling $152,161.61 and finders' warrants. Furthermore, insider participation constituted a related party transaction, which remains compliant under MI 61-101 regulations.