Torrent Gold Plans Private Placement to Raise Up to $360,000

Torrent Gold Inc., headquartered in Vancouver, British Columbia, announced a non-brokered private placement aimed at raising aggregate gross proceeds of up to C$360,000. The offering consists of as many as 2.4 million units, priced at C$0.15 per unit. Each unit comprises one common share of the company and one common share purchase warrant. The warrants entitle holders to acquire an additional share at C$0.20 per share for a period of 24 months following the closing of the placement. Torrent Gold retains the discretion to increase the size of the offering, and there is no minimum subscription requirement. Funds raised are expected to be used primarily for general working capital purposes. Securities issued under the placement will be subject to a hold period of four months and one day from the closing date under applicable Canadian securities laws and have not been registered under the U.S. Securities Act of 1933, meaning they cannot be offered or sold in the United States without registration or an applicable exemption. The announcement was published on September 15, 2026, at 03:08 AM.