Trigon Receives TSXV Approval for Extension of Warrants
- Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) has received approval from the TSX Venture Exchange to extend the term of its common share purchase warrants. This includes 3,781,250 warrants with an exercise price of $0.50, 6,889,499 warrants with an exercise price of $0.45, and 735,999 warrants with an exercise price of $0.45. The extension is valid until March 31, 2024. This news is positive for the stock price as it provides more time for warrant holders to exercise their options.
- None.
A total of 892,500 warrants are held by parties who are considered to be “related parties” of the Company. Therefore, the amendment of such warrants constitutes a “related party transaction” as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 – Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines have been relied upon as the fair market value of the warrants held by insiders does not exceed
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
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.
This news release may contain forward-looking statements. These statements include statements regarding the extension of the term of the Trigon common share purchase warrants 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
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Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com
Source: Trigon Metals Inc.