Troilus Closes Strategic Sale of Non-Core Mike Lake Properties in Yukon to Prospector Metals; Retains ~20% Ownership Interest
Troilus Closes Strategic Sale of Non-Core Mike Lake Properties in Yukon to Prospector Metals; Retains ~20% Ownership Interest
MONTREAL, March 05, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) ("Troilus" or the "Company") announces it has closed its previously announced strategic divestiture of its non-core Mike Lake properties ("Mike Lake" or "Mike Lake Project") in Yukon, Canada, to Prospector Metals Corp. ("Prospector Metals")(see News release dated January 2, 2024). This transaction streamlines Troilus' portfolio of properties, allowing it to focus entirely on the development of its flagship Troilus Gold Project in Quebec, while maintaining a stake in the potential success of Mike Lake under Prospector Metal's experienced leadership.
蒙特利尔,2024年3月5日(GLOBE NEWSWIRE)——Troilus Gold Corp.(多伦多证券交易所股票代码:TLG;OTCQX:CHXMF;FSE:CM5R)(“Troilus” 或 “公司”)宣布已完成先前宣布的对加拿大育空地区迈克·莱克非核心房产(“迈克·莱克” 或 “迈克·莱克项目”)的战略剥离,交给Prospector Metals Corp.(“Prospector Metals”)(参见2024年1月2日的新闻稿)。该交易简化了Troilus的房地产投资组合,使其能够完全专注于其在魁北克的旗舰Troilus黄金项目的开发,同时在Prospector Metal的经验丰富的领导下继续持有迈克·莱克潜在成功的股份。
Pursuant to the agreement dated December 29, 2023, Prospector Metals has acquired the Mike Lake Project from Troilus for share consideration equal to 19.9% of Prospector Metals, in addition to a milestone payment, as detailed below. Prospector Metals has issued to Troilus 9,222,164 post-consolidation common shares* ("Prospector Shares") at a deemed price of $0.11 per Prospector Share, under the terms of the agreement.
根据2023年12月29日的协议,Prospector Metals已从Troilus手中收购了迈克湖项目,除了支付里程碑式付款外,还收购了相当于Prospector Metals19.9%的股份对价,详情如下。根据协议条款,Prospector Metals已向Troilus发行了9,222,164股合并后的普通股*(“Prospector股票”),认定价格为每股探矿者0.11美元。
Troilus will file an updated early warning report in connection with the closing of the acquisition of the Prospector Shares. The Prospector Shares are listed for trading on the TSX Venture Exchange. Prior to the closing of this transaction, Troilus did not own any Prospector Metals shares.
Troilus将提交与完成收购Prospector股份有关的最新预警报告。Prospector股票在多伦多证券交易所风险交易所上市交易。在本次交易完成之前,Troilus不拥有任何Prospector Metals股票。
Troilus advises that the securities have been acquired for investments purposes. Troilus may, depending on the market and other conditions, increase or decrease its beneficial ownership of Prospector Metals' securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
Troilus表示,这些证券是出于投资目的而收购的。根据市场和其他条件,Troilus可能会增加或减少其对Prospector Metals证券的受益所有权,无论是在公开市场上,还是通过私下谈判的协议或其他方式,但受多种因素的影响,包括总体市场状况和其他可用的投资和商业机会。
This disclosure is provided pursuant to Multilateral Instrument 62-104, which also requires an early warning report to be filed containing additional information with respect to the foregoing matters. A copy of the early warning report will be available on SEDAR+ under Prospector Metals' issuer profile at and may be obtained upon request from Troilus by contacting Troilus at the contact information below. Prospector Metals' head office is located at Suite 1012 – 1030 West Georgia St., Vancouver, BC V6E 2Y3, Tel: 1-604-354-2491, email: info@prospectormetalscorp.com. Troilus' head office is located at 715 Square Victoria, Suite 705, Montreal, QC H2Y 2H7.
这一披露是根据第62-104号多边文书提供的,该文书还要求提交一份预警报告,其中载有与上述事项有关的补充信息。预警报告的副本将在SEDAR+的Prospector Metals发行人简介下提供,并可应Troilus的要求通过以下联系信息与Troilus联系获得。Prospector Metals的总部位于不列颠哥伦比亚省温哥华市西乔治亚街1012—1030号套房 V6E 2Y3,电话:1-604-354-2491,电子邮件:info@prospectormetalscorp.com。Troilus总部位于维多利亚广场715号705套房,魁北克省蒙特利尔H2Y 2H7。
Details of the transaction:
交易详情:
- Troilus has sold its 100% interest in the Mike Lake Claims to Prospector Metals for the following consideration:
- Consideration Shares: 9,222,164 Prospector Shares equal to 19.9% of the issued and outstanding Prospector Shares at the deemed issue price of $0.11 per Prospector Share; and
- One-Time Milestone Payment: Upon the public announcement by Prospector Metals of a Mineral Resource on the Property (a "Milestone Trigger Event"), Prospector Metals shall, within 30 days of the Milestone Trigger Event, pay Troilus a one-time payment in the amount equal to the Milestone Payment Amount (as described below), in either cash or Prospector Shares (or a combination thereof), at the election of Prospector Metals. Provided that Prospector Metals shall not issue Prospector Shares to Troilus if, after the issuance of such Prospector Shares, Troilus would in the aggregate beneficially own, or exercise control or direction over, 20% or more of the then issued and outstanding Prospector Shares, unless prior shareholder approval is obtained by Prospector Metals in accordance with applicable Securities Laws and the rules or policies of the TSX Venture Exchange.
- The "Milestone Payment Amount" shall be equal to:
- Troilus已将其在迈克湖索赔中的100%权益出售给了Prospector Metals,其对价如下:
- 对价股份:9,222,164股探矿者股份,相当于已发行和流通的探矿者股票的19.9%,认定发行价格为每股探矿者0.11美元;以及
- 一次性里程碑付款:在Prospector Metals公开宣布该物业的矿产资源(“里程碑触发事件”)后,Prospector Metals应在里程碑触发事件发生后的30天内,在Prospector Metals当选时以现金或Prospector股份(或两者的组合)向Troilus一次性付款,金额等于里程碑付款金额(如下所述)。前提是,如果Prospector Metals根据适用的证券法和多伦多证券交易所的规则或政策事先获得股东批准,则Prospector Metals不得向Troilus发行Prospector股票,除非Prospector Metals在发行此类Prospector股票后总体上实益拥有或行使控制权或指导,否则Prospector Metals不得向Troilus发行探矿者股票。
- “里程碑付款金额” 应等于:
1) the sum of $1,000,000, if the Prospector Metals market capitalization is less than or equal to $20,000,000; and
1) 如果Prospector Metals的市值小于或等于2,000万美元,则总额为1,000,000美元;以及
2) the sum of $2,000,000, if the Prospector Metals market capitalization is greater than $20,000,000.
2) 如果Prospector Metals的市值大于2,000万美元,则总额为200万美元。
- The occurrence of a Change of Control of Prospector Metals shall constitute a Milestone Trigger Event (provided the Milestone Payment has not already been paid).
- Prospector Metals assumes underlying royalties on the claims.
- As long as Troilus continues to own 5% of Prospector Metals, it shall have the right to appoint one nominee to the Prospector Metal's board of directors.
- As long as Troilus continues to own 5% of Prospector Metals, it shall have a participation right to maintain its pro rata equity interest.
- Prospector Metals控制权变更的发生应构成里程碑触发事件(前提是里程碑付款尚未支付)。
- Prospector Metals承担索赔的潜在特许权使用费。
- 只要Troilus继续拥有Prospector Metals5%的股份,它就有权任命一位被提名人加入Prospector Metal的董事会。
- 只要Troilus继续拥有Prospector Metals5%的股份,它就将拥有维持其参与权 按比例计算 股权。
*The board of directors of Prospector has approved the Consolidation of all of Prospector's outstanding Common Shares on the basis of three (3) pre-Consolidation Common Shares for one post-Consolidation Common Share. Please note that the number of post-consolidation common shares to be issued to Troilus is approximate and may increase or decrease based on the size of the private placement financing currently being completed by Prospector.
*Prospector董事会已批准将Prospector的所有已发行普通股进行合并,其基础是将三(3)股合并前的普通股合并为一股合并后的普通股。请注意,合并后向Troilus发行的普通股数量是近似值,可能会根据Prospector目前完成的私募融资规模而增加或减少。
Qualified Persons
合格人员
The technical and scientific information in this press release has been reviewed and approved by Kyle Frank, P.Geo., VP Exploration for Troilus Gold, who is a Qualified Person as defined by NI 43-101. Mr. Frank is an employee of Troilus and is not independent of the Company under NI 43-101.
本新闻稿中的技术和科学信息已由Troilus Gold勘探副总裁P.Geo. Kyle Frank的审查和批准,他是NI 43-101定义的合格人员。弗兰克先生是Troilus的员工,根据NI 43-101,他并不独立于公司。
About Troilus
关于 Troilus
Troilus is a feasibility-stage Canadian mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The 435 km2 Troilus property is located in the top-rated mining jurisdiction of Quebec, Canada, within the prospective Frôtet-Evans Greenstone Belt. From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale of the gold system on the property, which currently hosts 11.21 Moz AuEq (508.3 Mt with an average grade of 0.69 g/t AuEq) in the Indicated Mineral Resource category and 1.80 Moz AuEq (80.5 Mt with an average grade of 0.69 g/t AuEq) in the Inferred Mineral Resource category, making it the largest undeveloped gold deposit in Canada. Led by an experienced team with a track-record of successful mine development, Troilus is positioned to become a cornerstone project in North America. For the details of the key parameters, assumptions, risks and other technical and scientific information relating to the above Mineral Resource estimates, refer to our technical report entitled "Technical Report and Mineral Resource Estimate on the Troilus Gold-Copper Project Quebec, Canada Mineral Resources" with an effective date of 02 October 2023 available at .
Troilus 是一家处于可行性阶段的加拿大矿业公司,专注于系统地推进原金铜矿的生产并降低风险。占地435平方公里的Troilus地产位于加拿大魁北克省最受好评的采矿管辖区,位于未来的弗罗特-埃文斯格林斯通带内。从1996年到2010年,Troilus矿生产了220万盎司黄金和近7万吨铜。自2017年收购该项目以来,持续的勘探成功证明了该地产的黄金体系的巨大规模,该地产目前在指示矿产资源类别中拥有11.21莫兹AuEq(508.3万吨,平均品位为0.69 g/t auEq),在推断矿产资源类别中拥有1.80 Moz AuEq(80.5万吨,平均品位为0.69 g/t AuEq),使其成为最大的未开发矿产资源加拿大的金矿床。Troilus由一支拥有成功矿山开发记录的经验丰富的团队领导,有望成为北美的基石项目。有关上述矿产资源估算值的关键参数、假设、风险和其他技术和科学信息的详细信息,请参阅我们题为 “加拿大魁北克矿产资源Troilus金铜项目技术报告和矿产资源估算” 的技术报告,该报告生效日期为2023年10月2日,网址为 。
For Further Information, Please Contact:
欲了解更多信息,请联系:
Caroline Arsenault
VP Corporate Communications
+1-647-276-0050
info@troilusgold.com
卡罗琳·阿森诺
企业传播副总裁
+1-647-276-0050
info@troilusgold.com
Cautionary Note Regarding Forward-Looking Statements and Information
关于前瞻性陈述和信息的警示说明
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, statements regarding the potential impact of the transaction on the company and the receipt of all required approvals. Although the Company believes that such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors and risks, including, uncertainties of the global economy, market fluctuations, the discretion of the Company in respect to the use of proceeds discussed above, any exercise of termination by counterparties under applicable agreements, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies and other risks identified in its disclosure documents filed at . This press release is not, and is not to be construed in any way as, an offer or recommendation to buy or sell securities in Canada or in the United States.
本新闻稿包含适用证券法所指的前瞻性陈述和前瞻性信息(统称为 “前瞻性陈述”)。此类前瞻性陈述包括但不限于有关交易对公司的潜在影响以及获得所有必要批准的陈述。尽管公司认为此类前瞻性陈述是合理的,但它无法保证此类预期会被证明是正确的。前瞻性陈述通常由以下词语来识别:相信、期望、预测、打算、估计、假设和类似表达,或者是那些本质上指未来事件的词语。公司提醒投资者,公司的任何前瞻性陈述都不能保证未来的业绩或业绩,由于各种因素和风险,实际业绩可能与前瞻性陈述存在重大差异,包括全球经济的不确定性、市场波动、公司在上述收益使用方面的自由裁量权、交易对手根据适用协议行使解雇权、公司无法获得任何必要的许可、同意或其活动、成功或盈利地利用其财产生产矿物、继续实现预期增长、筹集必要资本或完全能够实施其业务战略和在提交的披露文件中确定的其他风险所需的授权。本新闻稿不是,也不得以任何方式解释为在加拿大或美国买入或卖出证券的要约或建议。
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual events, results and/or developments may differ materially from those in the forward-looking statements. Readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with and as required by applicable securities laws.
尽管公司认为此类前瞻性陈述中表达的预期基于合理的假设,但此类陈述并不能保证未来的业绩和实际事件、业绩和/或发展可能与前瞻性陈述中存在重大差异。读者不应过分依赖公司的前瞻性陈述。除非根据适用的证券法并有要求,否则公司不承诺更新公司或代表其不时发表的任何前瞻性陈述。