Each Unit is comprised of one common share in the capital of the Company (each, a 'Common Share') and one-half of one Common Share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant entitles the holder to purchase one Common Share at an exercise price of
The Company plans to use the net proceeds of the Offering for mineral exploration activities on the
In connection with the Offering, the Agents received an aggregate cash fee equal to
In addition, the Company has also paid the Agents a corporate finance fee of
The Common Shares and Warrants issued pursuant to the Offering will not be subject to a statutory 4-month hold period pursuant to applicable Canadian securities laws as the Offering was completed pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The Compensation Options will be subject to a statutory 4 month hold period pursuant to applicable Canadian securities laws. The Offering remains subject to final approval of the
About
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 press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release (other than statements of historical facts) that address future business development, project developments and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements, including without limitation statements with respect to: the intended use of proceeds from the Offering; the exercise of the Warrants; the exercise of the Compensation Options; the receipt of any regulatory approvals, including the final approval of the TSXV; the quality of mines and mining activity and future capital requirements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
Regarding the disclosure in the press release above, the Company has assumed, among other things, that it will receive the approval of the TSXV in regard to the Offering and the issuance of the Units in connection therewith. If the TSXV objects or does not provide its approval for the transactions contemplated hereby, then the Company will have to negotiate revised terms with the applicable counterparties, and there is no assurance that the parties will reach an agreement that is acceptable to the Company. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: the availability and procurement of any required interim and/or long-term financing that may be required; general economic, market or business conditions and other factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statements or other reports and filings with the TSXV and applicable Canadian securities regulations.
Contact:
Tel: +1 647 276 6002
Email: jed.richardson@trigonmetals.com
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