# Trans Canada Gold closes C$2.14 million first financing tranche

> The Vancouver-based company says proceeds will support Phase 2 drilling at its Harrison Lake gold project in British Columbia.

- Canonical URL: https://newsverum.com/en/news/trans-canada-gold-first-tranche-placement-harrison-lake-2026
- Publisher: Newsverum
- Section: Economy
- Country: Canada
- Published: 2026-10-11T17:18:42+00:00
- Updated: 2026-10-11T17:18:42+00:00
- Event / data period: 2026-10-09
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Trans Canada Gold said on October 9 that it had closed the first tranche of a previously announced private placement, raising C$2,144,720. The company issued both flow-through and regular units, according to the release.

The company says the financing will support Phase 2 surface and underground exploration and drilling at Harrison Lake in southwestern British Columbia. It expects a second tranche by October 26; the broader offering was capped at C$2.5 million before an additional over-allotment option. These are company plans, not completed drilling or a mineral-resource result.

## Data

### Source data

Figures and classifications stated in the primary release.

Methodology: Values, scope and qualifiers follow the primary release; no conversion or forecast has been added.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| First-tranche gross proceeds | 2144720 | CAD | 2026-10-09 | observed |  |
| Maximum announced offering size before over-allotment | 2500000 | CAD | 2026-10-09 | target | upper-bound |

Sources: <https://transcanadagold.com/trans-canada-gold-closes-first-tranche-of-non-brokered-private-placement-for-gross-proceeds-of-cdn-2144720/> · Download data: [JSON](https://newsverum.com/api/v1/articles/trans-canada-gold-first-tranche-placement-harrison-lake-2026/data/first-tranche-financing?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/trans-canada-gold-first-tranche-placement-harrison-lake-2026/data/first-tranche-financing?lang=en&format=csv)

## Sources

- [Trans Canada Gold Corp.](<https://transcanadagold.com/trans-canada-gold-closes-first-tranche-of-non-brokered-private-placement-for-gross-proceeds-of-cdn-2144720/>) (Source checked: 2026-10-11; Published: 2026-10-09)

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