Troilus Completes $172.5 Million Public Offering with Full Over-Allotment Option Exercised
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Updated: Nov 14 20250mins
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.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
