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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Bullboard Posts
Comment by leo101on Oct 15, 2020 12:12pm
75 Views
Post# 31721514

RE:RE:Leo and Red wrong again : thumbs down: re use of proceeds ;

RE:RE:Leo and Red wrong again : thumbs down: re use of proceeds ;
Red_Deer wrote:
juniorbullalive wrote: of the roughly $6 million raised  , I would suspect half goes to each morocco and namibia  FOR DRILLING AND PROPERTY ACQUISITIONS .  STICK YOUR THUMBS UP THAT !


Hey Junior BULL__NO NEED for YOU to Guess OR SUSPECT AnyThing eh !!!!!__the USE
of the Proceeds IS Clearly STATED in the NEWS Release.

Do YOU Never Read Releases eh ???

Maybe YOU are AFRAID to SEE the Actual FACTS eh ????

Oh well__at least YOU have Remained Consistent in This Regard the Past 7 YEARS here.



TORONTO, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Trigon Metals Inc. (TSX-V: TM) (the “Company” or “Trigon”) is pleased to announce the closing of the second and final tranche (the “Second Tranche”) of its previously announced brokered private placement financing (the “Offering”). In this Second Tranche, the Company issued 1,471,999 units (the “Units”) at a price of $0.35 per Unit for aggregate gross proceeds of $515,200.
 
The net proceeds of the Offering will be used to acquire additional silver-copper projects associated with the Silver Hill Project in Morocco, for exploration on the Silver Hill Project and general corporate purposes.


So Junior BULL__WHERE did YOU Imagine ANY Mention of KOMBAT/Namibia eh ??????



red makes an excellent point.  and don't forget how much money will be going for "general and administrative expenses".   that means cash going for executive compensation.
Bullboard Posts