Trident Gold Corp. (TSXV:TTG.H) announced a non-brokered private placement up to 10,000,000 subscription receipts at CAD 0.05 per unit for gross proceeds of CAD 500,000 on January 26, 2017. The Emprise Special Opportunities Fund (2013) Limited Partnership, a fund managed by Emprise Capital Corp., Investment Arm will subscribe for 8,000,000 subscription receipts, which will result in the Emprise Capital Corp., Investment Arm owning a control position in the company. Upon satisfaction of the escrow conditions, each subscription receipt will automatically convert into one unit for no additional consideration. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to acquire one common share at a price of CAD0.065 per share for a period of 12 months from the date the warrants are issued. The proceeds of the transaction will be held in an escrow subject to the satisfaction of certain conditions including consolidation of common shares, obtaining satisfactory agreements with its creditors on terms acceptable to the investors, obtaining final TSX Venture Exchange approval to the financing, obtaining shareholder approval to the change of control contemplated in the financing, and the investors agreeing to certain changes to its management and board of directors.