Triumph Gold announces $5.4 million private placement

Triumph Gold Corp. (TSXV: TIG) (OTCQB: TIGCF) announced a non-brokered private placement to raise up to $5,410,000 through the sale of 10,820,000 units at $0.50 per unit.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional shares at $0.55 each within three years of the offering's closing date.

The company stated it will use net proceeds for general working capital purposes. The offering requires approval from the TSX Venture Exchange before closing.

The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption, according to the company's announcement.

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