RE:RE:CopperALF__AGREE 100% with Your 2 Points.
Would ADD ONE More__The MARKET became CAUTIOUS with the News that SPROTT
Exercised ONLY 30% of his IN THE MONEY 20 Cent Warrants__When TM was Trading
in thel 23/24 Cent Range.
Eric Sprott adds to Trigon Metals stock position
Trevor Abes , The Market Online
January 9, 2024
Eric Sprott exercised 2 million Trigon Metals common share purchase warrants through 2176423 Ontario Ltd., a corporation he beneficially owns.
Sprott now owns 33,048,332 shares and 3,357,500 warrants, representing 16.4 per cent of outstanding shares on a non-diluted basis and 17.7 per cent on a partially diluted basis.
Trigon Metals is a resource exploration and production company offering exposure to copper and silver
Trigon Metals stock has added 53.12 per cent year-over-year and 308.33 per cent since 2019.
Eric Sprott exercised 2 million Trigon Metals (TSXV:TM) common share purchase warrants through 2176423 Ontario Ltd., a corporation he beneficially owns.
The warrants allowed Sprott to purchase shares at $0.20 each for total consideration of $400,000. He also let 4,666,666 warrants expire unexercised.
The exercise and expiry result in a 6 per cent decrease in outstanding shares held since the last early warning report.
Prior to exercising the warrants, Sprott owned 31,048,332 shares and 10,024,166 warrants, representing 15.5 per cent of outstanding shares on a non-diluted basis and 19.6 per cent on a partially diluted basis.
After exercising the warrants, Sprott now owns 33,048,332 shares and 3,357,500 warrants, representing 16.4 per cent of outstanding shares on a non-diluted basis and 17.7 per cent on a partially diluted basis.