Vancouver, B.C. -
Troy Minerals Inc. is pleased to announce that further to its news release dated July 18, 2024, it has closed the second tranche of its private placement financing of 1,839,284 flow-through units at a price of $0.28 per FT Unit for gross proceeds of $515,000 and closed on 1,511,000 non-flow-through units at a price of $0.25 per NFT Unit for gross proceeds of $377,750, for combined gross proceeds of $892,750 . Each FT Unit is comprised of one common share of the Company which qualifies as a "flow-through" share as defined in subsection 66 of the Income Tax Act and one-half of one share purchase warrant of the Company. Each whole warrant is exercisable into one non-flow-through common share of the Company at an exercise price of $0.45 per share for period of t...