Beacon Resources Inc CPLJF

news Financing, closed, now we can go up!

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Tri-Gold Announces Closing of $2,765,000 Brokered and Non Brokered Financing 5/11/2007 VANCOUVER, BRITISH COLUMBIA, May 11, 2007 (CCNMatthews via COMTEX News Network) -- Tri-Gold Resources Corp. (the "Company") (TSX VENTURE:TAL) is pleased to announce that it has completed the $2,765,000 financing (the "Offering") announced by the news releases dated March 16, 2007 and May 8, 2007 consisting of 9,750,000 units ("Units") and 3,260,000 flow-through units ("FT Units") at a price of $0.20 per Unit and $0.25 per FT Unit. The Company engaged Bolder Investment Partners, Ltd. as agent (the "Agent") for the brokered portion of $1,497,500 of the Offering and engaged certain finders to raise the remaining non-brokered portion of $1,075,000. Each Unit consists of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.30 for a period of twenty four months following issuance of the Units. Each FT Unit consists of one "flow through" common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.35 for a period of twenty four months following issuance of the FT Units. Both the Unit and FT Unit warrants are subject to an acceleration clause, whereby if the Company's shares having an average trading price above $0.55 for 15 consecutive trading days after the required four month hold period, the Company has the option to give 30 days notice to exercise. A finder's fee commission of 8% and finder's warrants ("Finder's Warrants") equal to 10% of the total number of Units and FT Units sold were issued to eligible finder's in connection with the non-brokered portion of the Offering. The Finder's Warrants are exercisable at a price of $0.30 for twenty four months from issuance. In accordance with the terms of their engagement for the brokered portion of the Offering, the Agent received a cash commission of 8% of the gross proceeds of the Offering and agent's warrants ("Agent's Warrants") to acquire 699,000 common shares of the Company, such number of Agent's Warrants being equal to 10% of the total number of Units and FT Units sold by the Agent. The Agent's Warrants are exercisable at a price of $0.30 for twenty four months from issuance. All of the securities issued in connection with the Offering are subject to a four month hold period that will expire on September 9, 2007. The net proceeds from the Offering will be used to advance the Company's Uranium project in the Sibley Basin south of Nipigon Lake in Northern Ontario, the Copper/Gold project at Stake Lake in Northern Ontario and the Gold project at Big Duck Lake in Northern Ontario. Please visit the Company's website at www.trigoldresources.ca for further information on these projects. On behalf of the Board of Directors of Tri-Gold Resources Corp. T. Barry Coughlan, President Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities. SOURCE: Tri-Gold Resources Corp. The RAYA Group Robert Young [phone] Email: [e-mail] Website: www.trigoldresources.com Copyright (C) 2007 CCNMatthews. All rights reserved