Triumph Gold Corp. (TSXV: TIG) (OTCQB: TIGCF) completed a non-brokered private placement raising gross proceeds of $5,410,000, the company announced.

The financing involved issuing 10,820,000 units at $0.50 per unit. Each unit consists of one common share and one warrant entitling the holder to purchase an additional common share at $0.55 within three years of closing.

Triumph Gold paid aggregate finder's fees of $275,450 and issued 550,900 non-transferable finder's warrants exercisable at $0.55 per share until June 12, 2029.

The company stated the net proceeds will be used for general working capital. All securities are subject to a four-month hold period expiring October 13, 2026, under Canadian securities laws and TSX Venture Exchange policies.

A company director participated in the offering by purchasing 500,000 units for $250,000, constituting a related party transaction. Triumph Gold relied on exemptions from formal valuation and minority shareholder approval requirements since the transaction value did not exceed 25% of the company's market capitalization.

The offering remains subject to final acceptance by the TSX Venture Exchange. The securities have not been registered under U.S. securities laws and may not be offered or sold in the United States absent registration or applicable exemption.