Beacon Resources Inc CPLJF

News - Financing for more drill targets

[megacopper]

Tri-Gold arranges $532,000 FT and NFT unit financing 2006-11-21 13:38 ET - News Release Mr. Barry Coughlan reports Tri-Gold Resources Corp., subject to regulatory approval, has arranged a brokered and non-brokered private placement of 2.8 million units. The financing consists of 1.4 million units at 18 cents per unit with each unit consisting of one share and one-half share purchase warrant with one full warrant exercisable into one share at 25 cents for a period of 18 months from closing; and 1.4 million flow-through units at 20 cents per unit with each unit consisting of one share and one-half share purchase warrant with one full warrant exercisable into one share at 30 cents for a period of 18 months from closing. The company also confirms the completion of its $100,000 non-brokered financing announced previously in its news release in Stockwatch of July 17, 2006. Proceeds from both financings will be used for general working capital purposes, as well as to pay for the purchase, by way of option, of three mineral claims previously not owned by the company, and which are strategically located within the company's Big Duck Lake contiguous claim block in Northern Ontario (see news release in Stockwatch of Nov. 8, 2006); and, as more drill targets are now proposed due to the acquisition of these claims, to significantly increase the diamond drilling program presently under way on the project. To date, two holes have been completed and samples sent for assay to Accurassay Labs of Thunder Bay. Drilling is under the direction of Equity Engineering of Vancouver, B.C., and is expected to continue until Christmas break. Please see the company's website to view the proposed drill sites. In addition, the company has agreed to grant a total of 150,000 incentive stock options to directors, officers and consultants of the company, exercisable at a price of 20 cents per share for a period of five years from the date of grant. The company has also cancelled 525,000 incentive stock options previously awarded to consultants of the company. We seek Safe Harbor.

[burke]

Mega, thanks for keeping us up to date. I must say whatever has to be done is being taken care of. Money, land claims. With drilling under way we are on the last leg. Price has settled down but the ice has been broken. I think Ruth is back in the game. Burke