Troubadour Resources (TSE:TR) has released an update.
Troubadour Resources Inc. has launched two separate private placement offerings, aiming to raise a total of approximately $3.5 million. The first offering consists of over 7.5 million common shares at $0.125 each, while the second includes up to 20.4 million units, each unit comprising one share and a half warrant, with full warrants allowing the purchase of additional shares at $0.175 within 24 months of issuance. The company plans to allocate the net proceeds to fieldwork at its exploration projects and for general corporate needs.
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