08:10 AM EDT, 05/08/2026 (MT Newswires) -- Trans Canada Gold ( TTGXF ) has closed the second and final tranche of a private placement to advance drilling at the Harrison Lake gold property in British Columbia, the company said Friday.

The company placed a total of 100,000 non-flow through units at $0.15 per unit for $15,000 in proceeds.

Trans Canada Gold ( TTGXF ) raised a total of $869,711 in the offering that comprised 3,616,663 non-flow through units at $0.15 each and 1,817,839 flow through units priced at $0.18 apiece.

Each non-flow through unit consists of one common share and one common share purchase warrant. Each non-flow through warrant can be exercised at $0.30 per share for three years.

Each flow-through unit consists of one share and one-half of a a common share purchase warrant. Each flow-through warrant is exercisable at $0.30 per share for two years.

The company plans to use the funds for due diligence and other costs related to the acquisition of the Harrison Lake project. It will also use the proceeds to fund initial acquisition costs payable to Bear Mountain Gold Mines under an option agreement over the property.