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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 28, 2017) - Troy Energy Corp. (the "Corporation" or "Troy") (NEX:TEG.H) announces that it intends to conduct a private placement financing of up to 1,000,000 flow through common shares at a price of $0.10 per share for aggregate gross proceeds of $100,000. This financing is subject to regulatory approval. In accordance with applicable securities laws, the common shares issued under this financing will be subject to four- month hold periods. The proceeds from this private placement will be used for exploration work on the 3,231 hectare Yellowknife Gold Belt mineral property located 90 kilometres north of Yellowknife that the Corporation has acquired (for details, please refer to the Corporation's press release dated July 18, 2017 and August 25, 2017). |
