RE:RE:UTTERLY DISGUSTING,,,,,,,,,!$#!%#!@#$@$,,,,,,,,!!!!!!!!!!!!!Hey LEO__I AM SURE that BOTH of the PERMA PUMPERS Have Been DEVASTATED by
This TOTALLY UNEXPECTED Serious DILUTION of THEIR SHARE Values.
Trigon CEO has NOT MADE any Projections OTHER THAN the TONNES of Copper EXPECTED to be Produced and Sold__
IT Has Been ONLY Junior BULL With Those
ASTRONOMICAL PROJECTIONS I think the EARLIEST INDICATIONS of ACTUAL Revenues and PROFITS Will be in the Early SUMMER Quarterly Financial Reports__BUT EARLIER News Releases MAY come out
in this regard.
leo101 wrote: hey red, great info worth reading again.
do you think this hurts trigon's credibility with their astronomical profit projections? Red_Deer wrote: So NOW We ALL SEE WHAT the ""BOYZ"" in the Inside KNEW for the PAST Couple Weeks eh !!!!
TOTALLY DISGUSTING INDEED !!!!!!!
TORONTO, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is amending the pricing of its previously announced non-brokered private placement financing to a price of $0.35 per unit. The offering will now consist of up to 8,571,428 units (the “Units”) for gross proceeds of up to $3,000,000 (the “Offering”).
Volatile market conditions and weakness in speculative markets have prompted the repricing of the Offering. The net proceeds of the Offering will be used to satisfy working capital needs as the Company awaits the beginning of copper concentrate sales and payment. Copper concentrate is currently being produced and stockpiled preparing for the first shipment, expected early in February.
Each Unit is 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 $0.50 for a period of 24 months following the date hereof, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.75 or higher on the TSX Venture Exchange for a period of 30 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.
Closing of the Offering is expected to occur on or about February 4, 2022 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, a finder’s fee may be payable in line with the policies of the TSX Venture Exchange.