Truscott Mining Corporation Limited (ASX:TRM) announced that it will issue 10,000,000 shares at a price of AUD 0.02 per share for gross proceeds of AUD 200,000 on May 29, 2019. The company will issue 1 for 2 free attached 3-year unlisted option at an exercise price of AUD 0.04. The transaction will include participation from sophisticated and professional investors. The transaction is expected to close prior to June 30, 2019.