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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Metals & Mining Copper
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

Trigon Metals Inc
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Post by StockHawk1on Mar 14, 2022 1:25pm
83 Views
Post# 34512269

$TM closes PP

$TM closes PP

Today, Trigon Metals Inc. ($TM.v) closed its non-brokered private placement for aggregate gross proceeds of $1.945M.


$TM plans to use the net proceeds from the private placement in part for the recommencement of mining at the Kombat mine.


IMO this financing is a good move for $TM as getting production going at the Kombat mine again will be huge for the company. 


With this news, $TM is trading 5.26% down, so if you've been waiting to buy the dip the time is now IMO. 


More on the PP here: https://ca.finance.yahoo.com/news/trigon-closes-fully-subscribed-private-123100308.html


$TM @ $0.45

MC $73.977M

 
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