Trailbreaker Resources Closes Charity Flow-Through Financing
10 Aprile 2024 - 5:22PM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) today announces that it has
closed its non-brokered private placement offering (the
“Offering”), previously announced on March 19, 2024. The Company
has issued 1,406,250 Charity Flow-Through Units for $0.64 per
Charity Flow-Through Unit (the “CMETC FT Units”), and 2,593,750
Charity Flow-Through Units for $0.56 per Charity Flow-Through Unit
(the “FT Units”), for aggregate gross proceeds of $2,352,500 (the
“Private Placement”).
Each CMETC FT Unit consists of one flow-through
common share (“FT Share”) of the Company and one half (1/2) of a
transferable common share purchase warrant (each whole common share
purchase warrant, a “Warrant”), each Warrant being exercisable to
acquire an additional non-flow-through common share of the Company
at $0.60 for 24 months from the date of issuance. Each FT Unit
consists of one FT Share and one half (1/2) of a Warrant, each
Warrant being exercisable to acquire an additional non-flow-through
common share of the Company at $0.60 for 24 months from the date of
issuance.
The gross proceeds raised from the issuance of
the CMETC FT Units will be used to fund “Canadian exploration
expenses” that qualify as “flow-through critical mineral mining
expenditures” as such terms are defined in subsection 66.1(6) and
subsection 127(9) of the Income Tax Act (Canada) respectively
thereby being eligible for the 30% federal Critical Mineral
Exploration Tax Credit and will also be eligible for the 20% BC
mining flow-through share tax credit pursuant to section 4.721 of
the Income Tax Act (BC).
The gross proceeds raised from the issuance of
the FT Units will be used to fund “Canadian exploration
expenses” within the meaning of subsection 66.1(6) Income Tax
Act (Canada).
All securities issued pursuant to the Private
Placement are subject to a hold period in Canada of four months
plus one day from closing.
ON BEHALF OF THE BOARD
Daithi Mac GearailtPresident and Chief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
TRAILBREAKER RESOURCES LTD.650 W. Georgia
Street, #2110VANCOUVER, British ColumbiaCanada, V6B 4N8
Telephone: 604 681
1820Facsimile: 604 681
1864
https://www.TrailbreakerResources.com
https://twitter.com/TrailbreakerLtd.
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