TRU Precious Metals Completes $3.5 Million Private Placement

March 04, 2021

TRU Precious Metals Corp. (TSXV: TRU) has completed a non-brokered private placement for gross proceeds of over $3,500,000, pursuant to which it issued subscription receipts ultimately exercisable into common shares and share purchase warrants of the company.

The offering was completed in connection with the company’s Change of Business under the policies of the TSX Venture Exchange, pursuant to which TRU has entered into an option agreement with a subsidiary of TSX-listed Altius Minerals Corporation for the option to purchase the Golden Rose Project, which is located in the Central Newfoundland Gold Belt along the deposit-bearing Cape Ray – Valentine Lake Shear Zone. In addition to the Golden Rose Project, TRU also owns 100% of the Twilite Gold Project, located along the same Shear Zone, and three under-explored properties including its Rolling Pond Property (under option) bordering New Found Gold Corp.’s high-grade Queensway Project.

Wildeboer Dellelce LLP acted for TRU in connection with the offering with a team that consisted of Michael Rennie, Carlye Bellavia and Julian Lupo (corporate/securities).