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Trojan Gold Inc. (TGII) Financings

CSE: TGII · Gold · Exploration stage

Trojan Gold Inc. is a junior mining exploration company. Its initial focus is to conduct the proposed exploration program on its highly prospective Hemlo South Property (Hemlo Gold Camp) located in the Bomby and Lecours Townships in Northwestern Ontario  Trojan also intends to further develop its Watershed Property in the Shebandowan Gold Camp.

Trojan Gold Inc. financial statements

Key figures read from 7 of 7 financial statement filings, Sep 13, 2022 to Sep 13, 2024. Each column is the period as the company first filed it.

Balance sheet: quarterly key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Jun 2024Mar 2024Dec 2023Sep 2023
Cash and equivalentsC$116C$1,342C$345C$0
Total current assetsC$32,751C$27,763C$24,638C$310,643
Exploration and evaluation assetsC$967,277C$710,177C$710,177C$710,177
Total assetsC$1,000,028C$737,940C$734,815C$1,020,820
DebtC$25,723C$5,000C$5,000C$5,000
Total liabilitiesC$403,503C$322,567C$299,563C$270,214
Shareholders' equityC$596,525C$415,373C$435,252C$750,606

Income statement: quarterly key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

3M Jun 20243M Mar 20243M Sep 20233M Jun 2023
Exploration and evaluation expenseC$0C$0C$1,009C$3,364
General and administrativeC$6,945C$5,554C$6,961C$8,012
Share-based compensation———C$0
Net income (loss)(C$68,848)(C$19,879)(C$38,543)(C$72,969)

Cash flow statement: quarterly key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

6M Jun 20243M Mar 20249M Sep 20236M Jun 2023
Operating cash flow(C$43,437)(C$26,213)(C$62,832)(C$39,582)
Investing cash flow(C$7,100)C$0(C$15,481)(C$15,481)
Financing cash flowC$50,308C$27,210C$67,750C$44,500
Exploration spending (capitalized)(C$7,100)C$0(C$15,481)(C$15,481)
Proceeds from share issues———C$0
Change in cash(C$229)C$997(C$10,563)(C$10,563)
Cash at end of periodC$116C$1,342—C$0

Trojan Gold Inc. financings

2 financings announced or closed by Trojan Gold Inc., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-04-16Trojan Gold Inc. (TGII)Flow-through, non-brokeredClosed, 1 tranche$100K$0.100Trojan Gold Inc. Announces Non-Brokered Unit Offering
2026-02-24Trojan Gold Inc. (TGII)Flow-through, non-brokeredClosed, 1 tranche$300K$0.100Trojan Gold Inc. Announces Non-Brokered Private Placement

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