# 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.

- Canonical URL: https://newsverum.com/en/news/trusilver-financing-receipts-convert-on-conditional-qt-approval-2026
- Publisher: Newsverum
- Section: Business
- Country: Canada
- Published: 2026-10-11T17:18:43+00:00
- Updated: 2026-10-12T06:27:52+03:00
- Event / data period: 2026-10-07
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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

Methodology: The event description distinguishes conditional approval, the October 8 receipt conversion and remaining transaction steps using the source dates.

| date | label | description | status |
|---|---|---|---|
| 2026-10-07 | 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. | occurred |

Sources: <https://www.trusilvermetals.com/news-releases/galaxy-ventures-inc-receives-conditional-approval-for-qualifying-transaction-with-trusilver-metals-corp-trusilver-completes-2-8-million-financing-ahead-of-drilling-at-sturgis-walton-silver-project> · Download data: [JSON](https://newsverum.com/api/v1/articles/trusilver-financing-receipts-convert-on-conditional-qt-approval-2026/data/reported-event?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/trusilver-financing-receipts-convert-on-conditional-qt-approval-2026/data/reported-event?lang=en&format=csv)

## Sources

- [Galaxy Ventures Inc. / TruSilver Metals Corp.](<https://www.trusilvermetals.com/news-releases/galaxy-ventures-inc-receives-conditional-approval-for-qualifying-transaction-with-trusilver-metals-corp-trusilver-completes-2-8-million-financing-ahead-of-drilling-at-sturgis-walton-silver-project>) (Source checked: 2026-10-11; Published: 2026-10-09)

## Correction history

- 2026-10-12T06:27:52+03:00: Wording in this article's language editions was corrected to retain the article's full information and scope.

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