Trio Gold Corp.
PINK SHEETS : TROOF
TSX VENTURE : TGK

Trio Gold Corp.

May 27, 2005 13:21 ET

Trio Gold Corp.: News Release

CALGARY, ALBERTA--(CCNMatthews - May 27, 2005) - Trio Gold Corp. (TSX VENTURE:TGK) (PINK SHEETS:TROOF)

The company has completed the non-brokered private placement of 5,000,000 units at ten cents ($0.10) per unit, which was announced in Trio's press release on May 5, 2005 for gross proceeds of CDN $500,000.00. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the corporation at a price of fifteen cents ($0.15) per share, on or before the close of business on May 26, 2006. The funds will be used for continued development of the Empire Mine in Idaho, continued exploration on the San Ramon property in Chile and working capital.

The company plans to re-issue a total of 250,000 share options to employees and directors, previously announced on March 7, 2005 at a price of $0.15 per share for a five year period, at a price of $0.10 per share, these shares were previously allotted but expired prior to being exercised.

CUSIP #89669C-108, Exemption #82-2127

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Trio Gold Corp.
    Mr. Harry Ruskowsky
    President & CEO
    (403) 262-9640
    or
    Trio Gold Corp.
    Mr. Harry Stech
    (403) 262-9640
    or
    Trio Gold Corp.
    Suite 145, 251 Midpark Blvd. S.E.
    Calgary, Alberta T2X-1S3
    (403) 262-9640
    (403) 262-9759 (FAX)
    Email: trio@triogold.com
    Website: http://www.triogold.com