In the same category

Tri Origin Exploration Ltd

Published : March 28th, 2011

COMPLETES FINAL $1,000,000 TRANCHE OF NON-BROKERED FINANCING FOR AGGREGATE OF $1,550,000

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Tri Origin Exploration Ltd. (TSX-V: TOE) announced today it has completed the second tranche of the $1,250,000 private placement financing (the  Offering ) previously announced on February 18, 2011 which was increased to $1,550,000. Tranche one of the Offering consisted of the sale of 4,400,000 units (the  Units ) at $0.125 per Unit for gross proceeds of $550,000. Tranche two of the Offering consisted of the sale of 8,000,000 Units at $0.125 per Unit for gross proceeds of $1,000,000. Each Unit consists of one common share in the capital stock of the Company ( Common Share ) and one Common Share purchase warrant ( Warrant ). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.25 per share expiring 24 months after the issuance. The Warrants are subject to an early acceleration provision which provides for the exercise or expiry of the Warrants. In the event that closing price of the Common Shares on the principal market on which the Common Shares trade exceeds $0.30 for more than 20 consecutive trading days, the Company may accelerate the expiry time of the Warrants to the date which is 30 days from the issuance by the Company of a news release announcing the trigger of the acceleration right.

All securities issued pursuant to the offering will be subject to a four-month hold period from the date of closing. 

In connection with the second tranche of the Offering, a Finder was issued 480,000 Units and a finder option to acquire 480,000 Units at an exercise price of $0.125 per Unit.

 

The proceeds of the Offering will be used to advance the Company s exploration work on its properties in the Canadian Shield in northern Ontario, particularly its RLX property at Red Lake and the Sky Lake property at Pickle Lake, and for working capital purposes.

 

This news release is not an offer of Units for sale in the United States. The securities comprising the Units have not been and will  not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of the above described securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Additional information about Tri Origin and its projects is available at www.triorigin.com or from SEDAR at www.sedar.com.

 

Corporate Inquiries:

Dr. Robert Valliant, President and CEO

Tel: (905) 727-1779

E-mail: invest@triorigin.com

 

Tri Origin Exploration Ltd. is publicly listed on the TSX-V under the trading symbol TOE. Tri Origin is a leading Canadian exploration company with gold and base metal projects in Canada. Tri Origin has leveraged exposure to mineral discoveries in Australia through an equity interest in its affiliate, TriAusMin Limited - a publicly traded company listed on the Australian Securities Exchange and the Toronto Stock Exchange.

 

This news release contains forward-looking statements and forward-looking information, which are based on information currently available to the Company, and the Company provides no assurance that actual results will meet management s expectations. Forward-looking information includes estimates and statements that describe the Company s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur.  Forward-looking information may be identified by such terms as  believes ,  anticipates ,  expects ,  estimates ,  may ,  could ,  would ,  will , or  plan . Since forward-looking information is based on assumptions and addresses future events and conditions, by their very nature they involve inherent risks and uncertainties.  Actual results relating to, among other things, the closing of the proposed private placement and the timing thereof, the receipt of the requisite regulatory approvals, the receipt of shareholder approval for the issuance of Warrants, the net proceeds to the Company, and the use or proceeds and future business plans of the Company, could differ materially from those currently anticipated in such information for many reasons such as: the failure to obtain the requisite approvals; the failure to satisfy conditions to closing;  changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company s forward-looking information.  These and other factors should be considered carefully and readers should not place undue reliance on the Company s forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

 

 

Tri Origin Exploration Ltd

DEVELOPMENT STAGE
CODE : TOE.V
ISIN : CA89557L1031
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Tri Origin is a cobalt and nickel exploration company based in Canada.

Tri Origin develops cobalt, nickel, copper, gold, lead, silver and zinc in Australia, and holds various exploration projects in Australia and in Canada.

Its main assets in development are WOODLAWN UNDERGROUND and WOODLAWN RETREATMENT in Australia and its main exploration properties are OVERFLOW, CALARIE, LEWIS PONDS and WOODLAWN MINING DISTRICT in Australia and RED LAKE EXTENSION / CONFEDERATION, BURNTBUSH, COCHENOUR and CITADEL CUSTOM GOLD (SURLUGA) in Canada.

Tri Origin is listed in Canada and in Germany. Its market capitalisation is CA$ 20.9 millions as of today (US$ 16.8 millions, € 13.9 millions).

Its stock quote reached its highest recent level on April 05, 2007 at CA$ 1.39, and its lowest recent point on March 18, 2020 at CA$ 0.01.

Tri Origin has 99 370 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Tri Origin Exploration Ltd
AUSTRALIAN AFFILIATE FILES ANNUAL REPORT
TOE 2008 Annual Report
Financings of Tri Origin Exploration Ltd
3/28/2011COMPLETES FINAL $1,000,000 TRANCHE OF NON-BROKERED FINANCING...
8/23/2010TOE News Release Aug 23, 2010 - Tri Origin Announces Flow-Th...
12/29/2009Flow Through Placement Completed
9/26/2008TOE ANNOUNCES CLOSING OF $1MILLION FLOW-THROUGH PRIVATE PLAC...
9/12/2008ANNOUNCES $1 MILLION FLOW-THROUGH PRIVATE PLACEMENT
10/23/2007Investment-Backed Credit Facility
Project news of Tri Origin Exploration Ltd
7/11/2013July 11, 2013 COMPANY AFFILIATE REPORTS RECEIVING FINAL GRAN...
5/21/2013MAY 21ST 2013 - Positive Results From Geophysical Surveryin...
11/8/2012Commences Drilling Program at Red Lake Extension Property
10/25/2012New Drill Program Approved for Red Lake Extension Property
4/3/2012AFFILIATE ANNOUNCES HIGH GRADE, DEEP DRILL INTERSECTIONS AT ...
3/22/2012(Woodlawn Retreatment)AFFILIATE ANNOUNCES APPROVAL FOR DEVELOPMENT OF WOODLAWN RET...
2/16/2012Osisko to Option Tri Origin's RLX Property
12/12/2011(North Abitibi)Announces High-Grade Gold Mineralization at North Abitibi
8/11/2011(Sky Lake)ACQUIRES ADDITIONAL LAND, SKY LAKE GOLD PROJECT, PICKLE LAKE
5/25/2011Commences Drilling Program at Red Lake Extension Project
7/8/2010(Lewis Ponds)Affiliate Reports on Progress at Lewis Ponds Gold Project
6/30/2010(Red Lake Extension / Confederation) Field Program Prioritizes Drill Targets
2/23/2010(Lewis Ponds)Affiliate commences airbone geophysical survey of Lewis Pond
4/6/2010(Woodlawn Mining District)Drilling Update at Woodlawn
9/8/2009(Red Lake Extension / Confederation)Drilling Program Complete At Red Lake Extension Project
7/7/2009(Red Lake Extension / Confederation)Commences Drilling at Red Lake
5/27/2009(Red Lake Extension / Confederation)Commences Exploration at Red Lake
2/6/2009(North Abitibi)North Abitibi Option Dropped and CFO Resigns
11/28/2008(Red Lake Extension / Confederation)DRILLING PROGRAM COMPLETE AT RED LAKE EXTENSION PROJECT/MANA...
11/3/2008(Red Lake Extension / Confederation)ON TOE DRILLING AT RED LAKE, ONTARIO & AUSTRALIAN AFFILIATE ...
9/29/2008(North Abitibi)TOE News Release - Summer Drilling Program Complete, North A...
8/1/2008AUSTRALIAN SUBSIDIARY REPORTS COMPLETION OF WOODLAWN RETREAT...
7/4/2008(North Abitibi)Commences Drilling at North Abitibi
7/2/2008(Keewatin)ACQUIRES 100% INTEREST IN KEEWATIN PROPERTIES (BHP)
4/30/2008(Woodlawn Underground)Mineral Resources Upgraded and Feasibility Study Nearing Com...
4/7/2008(Red Lake Extension / Confederation)AIRBORNE AND GROUND GEOPHYSICAL PROGRAMS DEFINE NEW DRILL TA...
3/6/2008(Woodlawn Underground)Woodlawn Zinc-Copper Projects Update
1/29/2008(Red Lake Extension / Confederation)Land Holdings increased and Airborne Geophysical program com...
12/18/2007(Woodlawn Underground)Drilling commences to add to Tailings Resource at Woodlawn
12/10/2007(Woodlawn Underground)Feasibility Study Progress at Woodlawn, NSW
10/31/2007(Keewatin) Drilling Results at Keewatin, Copper, Gold & Uranium Projec...
10/1/2007Gold Targets Identified by Overburden Drilling, RLX Project,...
9/11/2007(Woodlawn Underground)Woodlawn Zinc - Copper Projects update
6/25/2007Drilling program in progress at Red Lake Extension project, ...
4/2/2007(Woodlawn Underground)WOODLAWN UNDERGROUND PROJECT TO PROCEED TO FEASIBILITY
Corporate news of Tri Origin Exploration Ltd
9/23/2015IIROC Trading Resumption - TOE
9/23/2015Tri Origin Stakes Properties on Behalf of Abitibi Gold & Bas...
9/23/2015IIROC Trading Halt - TOE
7/9/2015Field Program Completed at Tri Origin's Sky Lake Gold Projec...
4/24/2013April 24th 2013 Positive Return from Sale of Tri Origin's In...
5/22/2012Commences at Red Lake
3/19/2012GOLD EXPLORATION TARGETS OUTLINED FOR 2012 FIELD SEASON
12/19/2011(Sky Lake)Drill Targets Confirmed at Sky Lake Gold Project
5/27/2011files fiscal Q3 Financial Statements
3/8/2011COMPLETES FIRST CLOSING OF $550,000 NON-BROKERED FINANCING
5/31/2010Key Gold Targets to be Evaluated as Field Season Commences
3/1/2010Acquires gold exploration property
1/25/2010DECLARES DIVIDEND-IN-KIND
1/22/2010Affiliate Successfully Listed on TSX
9/29/2009Announces Change of Record Date and Annual, General and Spec...
7/28/2009Announces Intention to Distribute Shares of AU
5/28/2009Releases Quarterly Financial Statements
3/2/2009Releases Interim Financial Statements
2/26/2009R. W. Hutchinson accepts position as Founding Chair, Geotech...
1/30/2009NEW RELEASE - ' TRI ORIGIN'S AFFILIATE RELEASES QUARTERLY RE...
1/12/2009- OZ MINERALS TERMINATES ALLIANCE WITH TRI ORIGIN
11/20/2008AUSTRALIAN AFFILIATE REPORTS SIGNING OF AGREEMENTS TO COMMEN...
8/22/2008FORMS ALLIANCE WITH MAJOR MINING COMPANY
8/6/2008To Commence Drilling at Red Lake
6/24/2008Australian Financing
2/29/2008 Financial Statements
10/26/2007June 2007 Financial Statements & MD&S point to a strong year...
9/28/2007MR. ALAN SNOWDEN JOINS THE BOARD OF TRI ORIGIN’S AUSTRALIAN ...
9/4/2007Financial Investment Update
7/12/2007commences drilling at Keewatin Project
6/28/2007Woodlawn Tailings Retreatment Project Resource
5/16/2007TOE - Announces Additional Shares Issued in Subsidiary and A...
3/21/2006drilling to commence, Red Lake extension, Ontario
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TOE.V)BERLIN (RZX.BE)
0.210+23.53%0.0000
TSX-V
CA$ 0.210
04/27 14:47 0.040
23.53%
Prev close Open
0.170 0.210
Low High
0.210 0.210
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.210 -%
Volume 1 month var.
4,500 -%
24hGold TrendPower© : -11
Produces
Develops Copper - Gold - Lead - Silver - Zinc
Explores for Copper - Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/2/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20220.00%
2021-6.67%0.280.16
20201025.00%0.390.01
201933.33%0.040.01
2018-40.00%0.040.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+1.44%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.62+0.96%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.62+3.75%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.57-1.88%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-25.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.91+4.30%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.93+1.17%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.28-3.39%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28+5.66%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.09-0.95%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.74+1.92%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :