Torrent Gold Inc. Announces Private Placement Offering for Up to $360,000

Torrent Gold Inc., a mineral and natural resources exploration company, has announced plans to raise up to $360,000 through a non-brokered private placement offering. The company intends to issue up to 2,400,000 units, each priced at $0.15, for a total of 2,400,000 units. Each unit will consist of one common share and one common share purchase warrant.

The warrants will allow the holder to acquire one additional share at a price of $0.20 per share for a period of 24 months following the closing date of the offering. The company reserves the right to increase the size of the offering in its sole discretion and has not set a minimum subscription amount.

Net proceeds from the offering are expected to be used primarily for general working capital purposes. The securities to be issued under the offering will be subject to a hold period of four months and one day from the closing date, in accordance with applicable Canadian securities laws.

According to Saf Dhillon, President and Chief Executive Officer of Torrent Gold Inc., the company is optimistic about the potential for this funding to support its exploration activities and overall growth strategy.

The company has emphasized that the securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Torrent Gold Inc. has a track record of leveraging its years of combined experience in capital markets and mining for acquisition and exploration during the resource commodity cycles. The company is focused on identifying and developing mineral resources to ensure sustainable growth and value creation for its shareholders.