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TYE Troymet Exploration Corp.

0.005
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Troymet Exploration Corp. TSXV:TYE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.01 0 01:00:00

Troymet Announces Private Placement

21/08/2013 12:48am

Marketwired Canada


Troymet Exploration Corp.  (TSX VENTURE:TYE) ("Troymet"), is pleased to announce
that Troymet intends to complete a non-brokered private placement for aggregate
gross proceeds of up to $885,600 consisting of 88,560,000 units of the
Corporation ("Units") issued at a price of $0.01 per Unit with each Unit
comprised of one common share ("Common Share") in the share capital of the
Corporation and one-third (1/3) of one Common Share purchase warrant (a
"Warrant"). Each full Warrant is exercisable for one year from closing into one
Common Share at $0.05 per share and at $0.10 per share in the second and third
year from closing. A finder's fee of up to 8% of the gross proceeds of the
private placement may be paid in cash or Common Shares on all or any portion of
this private placement. Additionally, finder's warrants, exercisable into Common
Shares of Troymet, may be issued in an amount up to 8% of the number of Units
sold under this private placement. The finder's warrants will be exercisable
into Common Shares at a price of $0.05 per Common Share for a period of one year
from the date of issuance of the finder's warrants. Any shareholder interested
in participating in the financing should contact the Company.


It is not anticipated that any new insiders will be created, nor that any change
of control will occur, as a result of the private placement. Completion of the
private placement is subject to regulatory approval.


Proceeds of the private placement will be used to fund Troymet's exploration
expenditures including the costs of drill testing at the Key property along with
a limited bulk till program on this property and to fund general working
capital. 


Closing of the financing is anticipated to occur on or around September 20, 2013.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of accuracy of this news release. This news
release may contain certain forward-looking information. All statements included
herein, other than statements of historical fact, is forward-looking information
and such information involves various risks and uncertainties. There can be no
assurance that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in the
corporation's disclosure documents on the SEDAR website at www.sedar.com. The
corporation does not undertake to update any forward-looking information except
in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Troymet Exploration Corp.
Kieran Downes
(250) 729-0453
kdownes@troymet.com


Troymet Exploration Corp.
Anthony Zelen
(778) 331-2028
anthony@senergyir.com
www.troymet.com

1 Year Troymet Exploration Corp. Chart

1 Year Troymet Exploration Corp. Chart

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1 Month Troymet Exploration Corp. Chart