Tri Origin raising $3.7 million

A private placement of 1.2 million units of Tri Origin Exploration (TSE) is expected to raise $3.7 million.

The proceeds will finance drilling on the Lewis Ponds project in New South Wales, Australia. Two rigs are being mobilized to expand the known limits of the gold-base metal discovery, as well as to explore for new deposits. Back in Ontario, Tri Origin is set to begin drilling the Sault gold property, near Sault Ste. Marie, and conduct surface exploration on the Straw Lake property, west of Thunder Bay.