TRIGOLD RESOURCES INC. (the “Company” and “Trigold”) (TSX-V: “TGD”) is pleased to announce a right of first refusal pursuant to a binding letter of intent (“LOI”) to acquire a 90% interest in three mineral tenements to be acquired by a Canadian Corporation that is negotiating for the tenement transfer of mineral exploration permits in Papua New Guinea (PNG).
The Agreement is subject to acceptable financing and approval from the PNG Mineral Resources Authority. A Definitive Agreement is targeted for completion by March 31, 2014.
In addition, Trigold is pleased to announce a proposed non-brokered private placement for up to 5,000,000 units at a price of $0.05 per unit (the “units”) for gross proceeds of up to $250,000 (the “offering”).
The net proceeds of the private placement are for the evaluation of exploration assets and for general corporate purposes.
The completion of a Definitive Agreement and private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
President and Chief Executive Officer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.