$TM To Close Private Funding Tomorrow Due to market volatility and an overall weakness in speculative markets, Trigon Metals has amended the price of its private placement. $TM is now offering one common share and one half share warrants at $.35. Each warrant entitles the purchase of one share at $.5 for a period of 24 months following the date hereof. The company has a goal of reaching $3 million dollars in funding by tomorrow.
With the rise in copper demand, I expect that even though a price of $.35 is slightly higher than the current market price of $.34, this is still a steal to acquire shares of $TM.V.
$TM only recently established the production of copper concentrate at its Kombat mine in Namibia, and the first shipment of its stockpile is expected to head out this month. Previous PEA reports from $TM have set an NPV of $96 million for the Kombat mine with an IRR of 85.2%
I look forward to hearing if $TM was able to meet its funding goals, and updates on its first concentrate shipment this month. I believe the Kombat mine represents a massive growth opportunity for the company’s stock at the current NPV.
Shares of $TM are currently trading at $.34 and the company is valued at an MCAP of $53.6 million.
https://ceo.ca/@nasdaq/trigon-amends-private-placement-financing