Trans Canada Gold Corp. Acquires Harrison Lake Property

Trans Canada Gold Corp. has successfully closed the first tranche of its non-brokered private placement, raising $854,711 through the issuance of 3,516,663 non-flow through units at $0.15 and 1,817,839 flow-through units at $0.18. Each unit includes common shares and warrants exercisable at $0.30. The funds will primarily support the acquisition of the Harrison Lake Gold Property in British Columbia.

The acquisition agreement, accepted by TSXV, allows Trans Canada to acquire a 60% interest in the Harrison Lake Property from Bear Mountain Gold Mines by investing $5 million in exploration over five years. This includes the issuance of 10 million shares and a cash payment of $250,000.

Additional private placement funds will target further exploration and related expenses on the property. A potential over-allotment option could increase proceeds by $300,000. The joint venture with Bear Mountain Gold Mines will commence post-acquisition, with Trans Canada initially holding a 60% stake.