RE:Production Pound1 wrote: IF they get Tm into production it will take off to $1. I think they will get it done but as you guys said waiting is the hardest part. Look at GRAT as soon as they went into production it moved swiftly above $1 and never pulled back under. I see the same action here. Big question is who is the seller holding it back. It would seem that someone has a chip on their shoulder. Could it be Stan?? Sooner or later IF it goes into production institutions will solve this problem. Cheers
Hey POUND__The ANSWER is Rather SIMPLE__Just in the Time that JED has been our CEO there have been 62.5 MILLION shares issued Via 3 Private Placements__which ALL ARE VERY MUCH in the MONEY @ Any Share price of 30 or better__as the New Shares were issued @ 10 and 12 Cents.
ON TOP of These NEW ""In The MONEY Shares""__there WERE 7.5 MILLION 15 Cent WARRANTS and 30 MILLION 20 Cent WARRANTS Floating Around out there.
IN TOTAL__
There ARE THUS 100 MILLION Reasons for the Private Placement BUYERS to
BeCome SELLERS__at EVEN 30 CENTS__ a VERY LUCRATIVE PROFIT Ranging from 20 Cents per share on the 10 Cent PP to 10 Cents per share on the 20 Cent Warrants.
Trigon Metals Announces Private Placement and Appointment of Jed Richardson as CEO
March 18, 2019
TORONTO, March 18, 2019 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 17,500,000 common shares (the “Shares”) at a price of $0.10 per Share for gross proceeds of up to $1,750,000.
Trigon Metals Announces Private Placement Financing
August 27, 2019
TORONTO, Aug. 27, 2019 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) intends to complete a non-brokered private placement financing of up to 15,000,000 units (the “Units”) at a price of $0.10 per Unit for gross proceeds of up to $1,500,000.
Each Unit will be comprised of one common share of Trigon (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.15 for a period of 24 months following the closing date of the Offering.
Trigon Metals Closes Oversubscribed Private Placement Financing
January 8, 2020
TORONTO, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) has closed, on an oversubscribed basis, its previously announced non-brokered private placement financing (the “Offering”). The Company issued 30,000,000 units (the “Units”) at a price of $0.12 per Unit for gross proceeds of $3,600,000. Each Unit is comprised of one common share of Trigon (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one Share at a price of $0.20 for a period of 36 months following the closing date of the Offering. The Offering was oversubscribed by $600,000.
Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 16,666,666 Units under the Private Placement for a total consideration of $2,000,000.