Troy Minerals Inc. Announces Private Placement Offering

Vancouver-based Troy Minerals Inc. has announced a private placement offering of up to 15,000,000 units at $0.10 per unit. This could yield gross proceeds up to $1,500,000. Each unit includes one common share and half a warrant, allowing purchase of an additional share at $0.15 within two years of issuance.

Funds will support exploration projects in British Columbia, Mongolia, and Wyoming, alongside marketing and corporate needs. Canadian purchasers face no resale restrictions on shares, though warrants have a four-month hold.

This offering, under NI 45-106, is slated to close by July 31, 2025. Completion hinges on regulatory approvals and could involve finders fees. Details are available on SEDAR and the company's site.