Trimetals closes $250,000 final tranche of financing

Apr 6, 2018

2018-04-05 17:33 ET – News Release

Mr. Eric Edwards reports

TRIMETALS MINING INC. CLOSES $250,000 FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT, RAISING AN AGGREGATE OF $1,904,250

Trimetals Mining Inc. has closed the third and final tranche of its non-brokered private placement, raising gross proceeds of $250,000 from the sale of 1,666,666 units priced at 15 cents per unit. In aggregate, the company sold 12,694,999 units and raised $1,904,250 pursuant to the private placement.

Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant is exercisable by the holder to acquire one additional common share of the company at a price of 25 cents for a period of 24 months, subject to accelerated expiry if, at any time after four months and one day following closing, the closing price of the company’s common shares on the Toronto Stock Exchange is 35 cents or above per common share for a period of 10 consecutive trading days.

The net proceeds from the private placement will be used for exploration of the company’s Gold Springs project in Nevada, working capital and general corporate purposes.

About Trimetals Mining Inc.

Trimetals Mining is a growth-focused mineral exploration company creating value through the exploration and development of the near-surface, oxide, heap-leachable Gold Springs gold project in mining-friendly Utah and Nevada, in the United States, and the Escalones copper-gold skarn/porphyry deposit in Chile. The company combines a record of discovery and advancement of large projects, mining and exploration supportive jurisdictions, low-political-risk areas, key operational and process expertise, and a focus on community relations and sustainable development. Management has extensive experience in the global exploration and mining industry.

We seek Safe Harbor.

http://www.trimetalsmining.com/news/2018-news/