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Re: News Releases - Tuesday, December 08, 2009
Troymet Announces $500,000 Private Placement
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December 8, 2009 Troymet Exploration Corp. ("Troymet"), is pleased to
announce that it intends to complete a non-brokered private placement
of up to 10,000,000 units ("Units") at a price of $0.05 per Unit for
gross proceeds of up to $500,000. Each Unit will consist of one common
share (a "Common Share") and one Common Share purchase warrant (a
"Warrant"). Each Warrant is exercisable at $0.10 per Common Share for
a period of two years from closing. A finder's fee of up to 8 percent
of the gross proceeds of the private placement may be paid in 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 percent 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 two
years from the date of issuance of the finder's warrants. 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. Proceeds
of the private placement will be used for Troymet's drilling program at
McClarty Lake, MB, and for general corporate purposes. Closing of the
financing is anticipated to occur on or around December 15, 2009.
For further information, contact:
Brian Cebryk (250) 890-0607
Kieran Downes (250) 729-0453
Website: www.troymet.com
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 Troymet'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.
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Copyright (c) 2009 TROYMET EXPLORATION CORP. (TYE) All rights
reserved. For more information visit our website at
http://www.troymet.com/ or send mailto:info@troymet.com
Message sent on Tue Dec 8, 2009 at 2:34:52 PM Pacific Time
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Troymet Exploration Corp.
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EXPLORATION STAGE |
CODE : TYE.V |
ISIN : CA8977731071 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Troymet is a silver and gold exploration company based in Canada. Its main exploration properties are MCCLARTY LAKE, KEY, WHEATCROFT and GOLDEN EAGLE in Canada. Troymet is listed in Canada. Its market capitalisation is CA$ 609 281 as of today (US$ 452 325, € 404 152). Its stock quote reached its highest recent level on November 26, 2010 at CA$ 0.41, and its lowest recent point on June 28, 2019 at CA$ 0.01. Troymet has 121 856 225 shares outstanding. |