Trigon Metals Inc V.TM

???????????????,,,,,,,,,,SPIN OFF.............?????????????

[Red_Deer]

It HAS BEEN Many MONTHS Now__So is the Spin Off EVER Going to HAPPEN eh 

Trigon Announces Results of Annual and Special Meeting of Shareholders
 

V.TM | April 9, 2024
 

Trigon Metals Inc. (TSX-V: TM) (“Trigon” or the “Company”) is pleased to announce that, at its annual and special meeting of Trigon shareholders that took place on April 9, 2024 (the “Meeting”), Trigon shareholders approved all matters put before them, including: (i) the proposed spinout of Trigon’s wholly-owned subsidiary, Safi Silver Corp. (“Spinco ”), which holds the Company’s Moroccan assets, namely the Silver Hill and Addana projects, pursuant to a plan of arrangement under section 192 of the Canada Business Corporations Act (the “Proposed Arrangement”)

The Proposed Arrangement (Safi Silver Spinout):

Shareholders gave their overwhelming support for the proposed spinout of Trigon’s wholly-owned subsidiary, Safi Silver Corp. (“Spinco”), which holds the Company’s Moroccan assets, namely the Silver Hill and Addana projects. The spinout is pursuant to a plan of arrangement under section 192 of the Canada Business Corporations Act (the “Proposed Arrangement”).
 

Jed Richardson, CEO & Executive Chairman of Trigon Metals, commented, "We are pleased to have the recommendations of the board supported by the shareholders, with particular focus on the spinout of the Moroccan Assets into Safi Silver., to realize the currently unrcognized value in Trigon Metals. As the silver price breaks out and Morocco is showing itself to be a promising destination for silver exploration, we are excited about the timing. By creating a new vehicle for shareholders, we aim to preserve Trigon as a production growth investment focused on copper in a rising copper price environment."