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NEWS RELEASE DATED May 20, 2008
TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF)
TRIO GOLD CORP. ANNOUNCES CLOSURE of PRIVATE PLACEMENT
Trio Gold Corp. has closed the non-brokered private placement that was announced in its press release on April 24, 2008. A total of 5,500,000 units were placed with 28 placees, including four directors, for gross proceeds of CDN $275,000.00. Each unit consisted of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Corporation at a price of ten cents ($0.10) per share, on or before the close of business on November 16, 2009. The common shares have a hold period until September 16, 2008.
The private placement was oversubscribed by ten percent. Directors and officers purchased a total of 1,000,000 units. The funds will be used for working capital.
Trio owns a 100% interest in the 29-claim Rodeo Creek property located on the prolific Carlin Gold Trend in Nevada. The property has yielded historic drill results of up to 29.1 gm/T Au (0.85 oz/t) over 1.5m and 27m of 0.89 gm/T Au (0.03 oz/t). The company plans to explore the property this year.
TRIO GOLD CORP.
Suite 145, 251 Midpark Blvd. S.E.
Calgary, Alberta T2X-1S3
E-Mail: trio@triogold.com
Website: www.triogold.com
Phone: (403) 262-9640
Fax: (403) 262-9759
CUSIP #89669C-108, Exemption #82-2127
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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