09:42 AM EST - TRU Precious Metals Corp. : Announced it has completed its non-brokered private placement for gross proceeds of $3,499,250, as previously announced on May 20, 2021. Pursuant to the Offering, TRU issued 12,960,186 "flow-through" units of the Company at a price of $0.27 per FT Unit. Each FT Unit is comprised of one common share of TRU that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) and one "flow-through" common share purchase warrant. Each FT Warrant shall be exercisable into one common share of TRU at a price of $0.35 per Share until June 17, 2024. The gross proceeds from the Offering will be used by the Company to fund exploration programs on the Company's mineral properties in the Central Newfoundland Gold Belt and other "Canadian exploration expenses" that qualify as "flow-through mining expenditures", as those terms are defined in the Income Tax Act (Canada), including: (i) a comprehensive two-phase exploration program at the Company's flagship Golden Rose Project; and (ii) a targeted and recently-expanded phase one drilling program at the Company's Twilite Gold Project. TRU Precious Metals Corp.
shares V.TRU are trading unchanged at $0.32.
