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

Trio Gold Corp.

March 05, 2007 18:23 ET

Trio Gold Corp.: News Release

CALGARY, ALBERTA--(CCNMatthews - March 5, 2007) - TRIO GOLD CORP. (TSX VENTURE:TGK) (PINK SHEETS:TROOF)

The Company intends to proceed with a non brokered private placement of up to twenty million units at a price of $0.12 per unit. Each unit consists of one common share and one common share purchase warrant (the "warrant"). Each warrant entitles the holder thereof to acquire one common share of the company for sixteen cents ($0.16) per share for a period of 12 months from closing. The funds are intended to be used for exploration and development of Trio's wholly owned Rodeo Creek property in Nevada, working capital and for potential new property acquisitions. The private placement is subject to the approval of the TSX Venture Exchange.

GoldSpring Inc. has elected not to proceed with the closing of its memorandum of understanding with Trio, announced in Trio's press release dated January 23, 2007.

For further information on the contents of this news release or the activities of the Company, contact Mr. Harry Ruskowsky, President & CEO at (403) 262-9640.

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.
    Harry Ruskowsky
    President & CEO
    (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: www.triogold.com