Trigon Metals Announces Upsizing of Private Placement and Closing of First Tranche
Trigon Metals (TSX-V: TM, OTCQB: PNTZF) has completed the first tranche of its non-brokered private placement, raising $1,097,500 through the issuance of 4,390,000 common shares at $0.25 per share. Due to strong investor demand, the company is increasing the total offering size from $1.7 million to $2,533,100, with a second tranche of $1,435,600 expected to close by February 28, 2025.
The company paid $51,200 in finder's fees and issued 15,000 finder's warrants, exercisable at $0.25 for 24 months. The proceeds will be used for working capital and general corporate purposes. Trigon operates copper and silver projects in Namibia and Morocco, including an 80% interest in five mining licenses in Namibia's Otavi Mountainlands, focusing on the Kombat Mine redevelopment.
Trigon Metals (TSX-V: TM, OTCQB: PNTZF) ha completato la prima tranche del suo collocamento privato non intermedia, raccogliendo $1,097,500 attraverso l'emissione di 4,390,000 azioni ordinarie a $0.25 per azione. A causa della forte domanda da parte degli investitori, l'azienda sta aumentando la dimensione totale dell'offerta da $1.7 milioni a $2,533,100, con una seconda tranche di $1,435,600 prevista per la chiusura entro il 28 febbraio 2025.
L'azienda ha pagato $51,200 in commissioni per i mediatori e ha emesso 15,000 warrant per mediatori, esercitabili a $0.25 per 24 mesi. I proventi saranno utilizzati per il capitale circolante e scopi aziendali generali. Trigon gestisce progetti di rame e argento in Namibia e Marocco, inclusa una partecipazione dell'80% in cinque licenze minerarie nelle montagne di Otavi in Namibia, concentrandosi sullo sviluppo della miniera di Kombat.
Trigon Metals (TSX-V: TM, OTCQB: PNTZF) ha completado la primera tranche de su colocación privada no intermediada, recaudando $1,097,500 a través de la emisión de 4,390,000 acciones ordinarias a $0.25 por acción. Debido a la fuerte demanda de los inversores, la empresa está aumentando el tamaño total de la oferta de $1.7 millones a $2,533,100, con una segunda tranche de $1,435,600 que se espera cerrar para el 28 de febrero de 2025.
La empresa pagó $51,200 en comisiones a intermediarios y emitió 15,000 warrants para intermediarios, ejercitables a $0.25 durante 24 meses. Los ingresos se utilizarán para capital de trabajo y fines corporativos generales. Trigon opera proyectos de cobre y plata en Namibia y Marruecos, incluyendo una participación del 80% en cinco licencias mineras en las montañas de Otavi en Namibia, centrándose en la reactivación de la mina Kombat.
트리곤 메탈스 (TSX-V: TM, OTCQB: PNTZF)는 비중개 사모 배치를 통해 $1,097,500을 모집하며 첫 번째 트랜치를 완료했습니다. 주당 $0.25로 4,390,000주를 발행했습니다. 투자자의 강한 수요로 인해 회사는 총 공모 규모를 $1.7백만에서 $2,533,100로 늘리고 있으며, 두 번째 트랜치인 $1,435,600는 2025년 2월 28일까지 마감될 것으로 예상됩니다.
회사는 중개인 수수료로 $51,200을 지급하고, 24개월 동안 $0.25에 행사 가능한 15,000개의 중개인 워런트를 발행했습니다. 수익금은 운영 자본 및 일반 기업 목적에 사용될 것입니다. 트리곤은 나미비아와 모로코에서 구리 및 은 프로젝트를 운영하고 있으며, 나미비아 오타비 산악 지역의 다섯 개 광산 라이센스에서 80%의 지분을 보유하고 있으며, 콤바트 광산 재개발에 집중하고 있습니다.
Trigon Metals (TSX-V: TM, OTCQB: PNTZF) a achevé la première tranche de son placement privé non intermédiaire, levant $1,097,500 par l'émission de 4,390,000 actions ordinaires à $0.25 par action. En raison d'une forte demande des investisseurs, la société augmente le montant total de l'offre de $1,7 million à $2,533,100, avec une deuxième tranche de $1,435,600 qui devrait être clôturée d'ici le 28 février 2025.
La société a payé $51,200 en frais de recherche et a émis 15,000 bons de souscription pour les intermédiaires, exerçables à $0.25 pendant 24 mois. Les produits seront utilisés pour le fonds de roulement et des fins corporatives générales. Trigon exploite des projets de cuivre et d'argent en Namibie et au Maroc, y compris une participation de 80 % dans cinq licences minières dans les montagnes d'Otavi en Namibie, se concentrant sur le redéveloppement de la mine de Kombat.
Trigon Metals (TSX-V: TM, OTCQB: PNTZF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $1,097,500 durch die Ausgabe von 4,390,000 Stammaktien zu je $0.25 pro Aktie gesammelt. Aufgrund der starken Nachfrage von Investoren erhöht das Unternehmen die Gesamtgröße des Angebots von $1.7 Millionen auf $2,533,100, wobei eine zweite Tranche von $1,435,600 bis zum 28. Februar 2025 abgeschlossen werden soll.
Das Unternehmen zahlte $51,200 an Vermittlungsgebühren und gab 15,000 Vermittlungswarrants aus, die für 24 Monate zu $0.25 ausgeübt werden können. Die Einnahmen werden für Betriebskapital und allgemeine Unternehmenszwecke verwendet. Trigon betreibt Kupfer- und Silberprojekte in Namibia und Marokko, einschließlich eines 80% Anteils an fünf Bergbaulizenzen in Namibias Otavi-Bergland, mit dem Fokus auf die Wiederbelebung der Kombat-Mine.
- Successfully raised $1.097 million in first tranche financing
- Strong investor demand leading to 49% increase in total offering size to $2.53 million
- Additional $1.43 million confirmed for second tranche closing
- Dilution of existing shareholders through new share issuance
- Incurred $51,200 in cash finder's fees plus warrant issuance
NOT FOR DISTRIBUTION TO
In connection with the First Tranche, the Company paid cash finder's fees of
All securities issued in connection with the First Tranche are subject to a statutory hold period of four-months and one-day. The Company intends to use the net proceeds from the First Tranche for working capital and general corporate purposes. The Offering is subject to the approval of the TSX Venture Exchange.
Trigon Metals Inc.
Trigon is a publicly-traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the Company has operations in
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the Offering, the use of proceeds of the Offering, the quantum and timing of the second tranche, the Company’s ability to obtain the requisite approvals for the Offering, the economic viability of the Kombat mine and the Company, the Company’s ability to obtain adequate financing, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Mine, and the Company’s future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250221263167/en/
For further information, contact Tom Panoulias, VP Corporate Development:
+1 (647) 276-6002 x 1127
IR@trigonmetals.com
Website: www.trigonmetals.com
Source: Trigon Metals Inc.
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