Trench Metals Corp. announced a non-brokered private placement to issue 10,000,000 units of the at a price of CAD 0.25 per Unit to raise gross proceeds of CAD 2,500,000 on July 10, 2023.. Each Unit will consist of one common share and one common share purchase warrant.

Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.30 at any time on or before the date which is twelve months after closing of the Offering. The Company may pay finders’ fees to eligible parties who have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restriction on resale for a period of four-months-and-one-day in accordance with applicable securities laws.

Closing of the Offering remains subject to the approval of the TSX Venture Exchange.