TruSilver financing converts after conditional exchange approval
The TSX Venture Exchange conditionally approved the Galaxy-TruSilver transaction; receipts from about C$2.83 million in financing converted into shares and warrants.
Event / data period: 2026-10-07
Published: · Updated:
Galaxy Ventures and TruSilver said on October 9 that the exchange had granted conditional approval for their qualifying transaction on October 7. That approval satisfied the escrow-release condition for the concurrent financing, which raised about C$2,830,090 gross between June and September; all remaining hard-dollar and flow-through subscription receipts converted into shares and related securities on October 8.
TruSilver owns the Sturgis-Walton silver project in Nova Scotia. The company said it had defined an initial drill target and expected a five-hole, 3,500-metre program to begin in October under a permit valid through 2027. The transaction still requires outstanding conditions and final exchange acceptance; trading under the resulting company name and reserved TAG symbol had not yet begun.
Data
Conditional exchange approval and conversion of financing receipts
- · Occurred
Conditional exchange approval and conversion of financing receipts
The financing was raised from June through September; all amounts are Canadian dollars. The transaction still requires final exchange acceptance.
Methodology
The event description distinguishes conditional approval, the October 8 receipt conversion and remaining transaction steps using the source dates.
Updated:
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