Trimetals closes $442,500 final tranche of financing

Mar 5, 2018

2018-03-05 10:13 ET – News Release

Mr. Eric Edwards reports

TRIMETALS MINING INC. CLOSES FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT, RAISING AN AGGREGATE OF $1,654,250

Trimetals Mining Inc. closed on March 2, 2018, the second and final tranche of its non-brokered private placement, raising gross proceeds of $442,500 from the sale of 2.95 million units priced at 15 cents per unit. In aggregate, the company sold 11,028,333 units and raised $1,654,250 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 whole common share purchase warrant, a “Warrant”). Each Warrant is exercisable by the holder to acquire one additional common share of the Company at a price of $0.25 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 (the “TSX”) is $0.35 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.

Eric Edwards, the Company’s President and Chief Executive Officer commented, “We are pleased with the market response to our financing, and are glad to make additional room to accommodate current and new shareholder demand.”

About TriMetals Mining Inc.

TriMetals Mining Inc. 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 USA, and the Escalones copper-gold skarn/porphyry deposit in Chile. The Company combines a track 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/