Troilus Completes $172.5 Million Public Offering with Full Over-Allotment Option Exercised

Offering Details: Troilus Gold Corp. has successfully closed a bought deal public offering, issuing 133,722,000 common shares at $1.29 each, raising gross proceeds of $172,501,380.

Use of Proceeds: The funds from the offering will be allocated to ongoing pre-development activities at the Troilus Copper-Gold project, debt repayment, and general corporate purposes.

Regulatory Compliance: The offering was conducted under a prospectus supplement and is subject to final approval from the Toronto Stock Exchange, with shares also offered in the U.S. under specific exemptions.

Company Overview: Troilus Gold Corp. is a Canadian mining company focused on advancing the Troilus Mine project in Quebec, which has a feasibility study supporting a large-scale mining operation.