New Risk • Jun 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$7.2m). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.58m market cap, or US$6.15m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Board Change • May 14
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Member of Advisory Board Rock Lee is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Member of Advisory Board Rock Lee is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 07
TGX Energy & Resources Inc. announced that it has received CAD 0.12 million in funding On April 6, 2026, TGX Energy & Resources Inc. closed the transaction. The company issued 1,200,000 Units at a price of CAD 0.10 per Unit for aggregate proceeds of CAD 120,000. Each Unit is comprised of one common share and one warrant exercisable at CAD 0.13 for 1 year. All securities have been legended with a hold period expiring August 7, 2026. Board Change • Mar 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Member of Advisory Board Rock Lee is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Member of Advisory Board Rock Lee is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Feb 05
TGX Energy & Resources Inc. announced that it expects to receive CAD 0.11 million in funding TGX Energy & Resources Inc. announced a non-brokered private placement to issue 1,100,000 units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 110,000 on February 4, 2026. Each unit shall comprise one common share and one warrant exercisable at CAD 0.13 for one year. All proceeds of this placement have been received as it is fully subscribed. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. The private placement is subject to all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation in Canada. The private placement and debt settlement are subject to all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. No new insiders or control person are expected upon completion of the debt settlements and private placement. Annuncio • Dec 25
TGX Energy & Resources Inc. announced that it expects to receive CAD 0.55 million in funding TGX Energy & Resources Inc. announced a non-brokered private placement to issue 5,000,000 shares at an issue price of CAD 0.11 per share for gross proceeds of CAD 550,000 on December 24, 2025. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation in Canada. The private placement is subject to all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. In connection with the private placement, the company may pay finder's fees or commissions to eligible finders in accordance with the policies of the TSX-V, consisting of cash and/or non-transferable warrants, as applicable, subject to the approval of the TSX-V. All securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation in Canada and an additional eight month hold period following the statutory hold. The private placement is subject to all necessary corporate and regulatory approvals, including approval of the TSX-V pursuant to TSX-V Policy 4.1, Private Placements. Annuncio • Dec 22
TGX Energy & Resources Inc., Annual General Meeting, Feb 26, 2026 TGX Energy & Resources Inc., Annual General Meeting, Feb 26, 2026. Annuncio • Jul 04
TGX Energy & Resources Inc. announced that it expects to receive CAD 0.5 million in funding TGX Energy & Resources Inc announced a private placement of issue up to 4,000,000 Units at CAD 0.125 per Unit for gross proceeds of CAD 500,000 on July 3, 2025. Each Unit shall be comprised of one common share and one warrant. Each warrant shall be exercisable to acquire and additional common share at CAD 0.15 for a period of three years. Finders’ fees may be payable in accordance with TSXV policies. The securities issued under the private placement will be subject to a statutory hold period expiring four months and one day from the date of issuance. Closing of the private placement is subject to approval of the TSX-V. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$6.7m). Earnings have declined by 1.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$839.4k market cap, or US$622.1k). Minor Risk Shareholders have been diluted in the past year (6.3% increase in shares outstanding). Annuncio • Jul 20
True North Gems Inc. announced that it expects to receive CAD 1.5 million in funding True North Gems Inc announced a private placement to issue minimum of 7,000,000 units and maximum of 10,000,000 units at an issue price of CAD 0.15 per unit for the gross proceeds of minimum of CAD 1,050,000 and maximum of CAD 1,500,000 on July 19, 2024. Each unit shall comprise one post consolidated common share and one warrant. Each warrant shall be exercisable for two years, at an exercise price of CAD 0.50. Finders' fees may be payable in accordance with TSX Venture Exchange policies. Insiders may subscribe for up to 2,500,000 units of the financing. Annuncio • Jun 13
True North Gems Inc., Annual General Meeting, Aug 06, 2024 True North Gems Inc., Annual General Meeting, Aug 06, 2024. Location: suite 1150, 777 hornby street, british columbia, v6z 1s4, vancouver Canada New Risk • Mar 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$704k free cash flow). Shares are highly illiquid. Negative equity (-CA$6.6m). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.18m market cap, or US$872.4k). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Annuncio • Feb 10
True North Gems Inc., Annual General Meeting, Apr 10, 2024 True North Gems Inc., Annual General Meeting, Apr 10, 2024. Location: 1150 - 777 Hornby Street Vancouver, BC, V6Z 1S4 Vancouver British Columbia Canada Board Change • Oct 21
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. 1 experienced director. 1 highly experienced director. 1 independent director (2 non-independent directors). Member of Advisory Board Rock Lee is the most experienced director on the board, commencing their role in 2007. Independent Director Ralf Hillebrand was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Feb 20
True North Gems Inc., Annual General Meeting, Apr 26, 2021 True North Gems Inc., Annual General Meeting, Apr 26, 2021. Annuncio • Feb 03
True North Gems Inc. announced that it has received CAD 0.75 million in funding On February 2, 2021, True North Gems Inc. (TSXV:TGX) closed the transaction. The company has issued 2,000,000 flow-through units at a price of CAD 0.075 per unit for gross proceeds of CAD 150,000 in its second and final tranche. The securities under this tranche have been issued with a hold period expiring May 30, 2021. 
