Skip to main content

Press Releases

Back to Press Releases


April 25, 2017

Troy Energy Corp. Announces Private Placement

Troy Energy Corp. (the "Corporation" or "Troy") announces that it intends to conduct a private placement financing of up to 8,000,000 common shares at a price of $0.05 per share for aggregate gross proceeds of $400,000. The Corporation also announces that it will issue 1,200,000 common shares at a deemed price of $0.05 per share in settlement of existing loans payable to an Officer, a Director and a Shareholder in the total amount of $60,000. Both transactions are subject to regulatory approval. In accordance with applicable securities laws, the common shares issued under these issuances are subject to four-month hold periods. The proceeds from this private placement will be used for investigation of new projects and for general working capital purposes. Directors, Officers and existing Shareholders may participate in this private placement.

Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.


James Owen, Troy Energy Corp.
President and Chief Executive Officer
Phone: (604) 671-4168

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Back to Press Releases

Additional Press Releases are available on the sedar website.

Terms of Use: This website is the official site of Troy Energy Corp. (herein referred to as "Troy"). The information provided on this website is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Troy. ...see more