|Bid||0.0800 x 0|
|Ask||0.0900 x 0|
|Day's Range||0.0750 - 0.0800|
|52 Week Range||0.0450 - 0.2450|
|Beta (3Y Monthly)||1.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Company intends to use the net proceeds from the Offering to advance its project finance transaction with Shandong Xinhai Mining Technology & Equipment Inc. and other interested parties, property maintenance and security for the Kombat Project, and for general corporate purposes. The Company did not pay any finder’s fees in connection with the Offering. Certain directors and officers of the Company have subscribed for Shares pursuant to the Offering (the “Insider Participation”).
Closing of the Offering is expected to occur on or about March 29, 2019 and remains subject to customary closing conditions, including the approval of the TSX Venture Exchange. The Shares issued pursuant to the Offering will be subject to a hold period of four months and one day. The Company intends to use the net proceeds from the Offering to advance its project finance transaction with Shandong Xinhai Mining Technology & Equipment Inc. and other interested parties, property maintenance and security for the Kombat project, and for general corporate purposes. The Company also announces the appointment of Jed Richardson as Chief Executive Officer of the Company, effective immediately.
Trigon Metals Inc. (TM.V) (“Trigon” or the “Company”) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Shandong Xinhai Mining Technology & Equipment Inc. (“Xinhai”) pursuant to which Xinhai has agreed to invest in Trigon, in exchange for the right to be appointed as the engineering, procurement and construction (“EPC”) contractor for the open pit mining operations at Trigon’s Kombat project in northern Namibia (“Kombat” or the “Project”) (“the Proposed Transaction”). The open pit operations represent the first phase of Kombat’s life of mine strategy to bring both the open pit and underground mines back into production.
If you want to know who really controls Trigon Metals Inc. (CVE:TM), then you'll have to look at the makeup of its share registry. Institutions often own shares in more Read More...