Trigon Metals Inc (TSE:TM) has released an update.
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Trigon Metals Inc. has received a term sheet from Horizon Corporation for a $5 million loan, facilitating the potential sale of its Kombat Mine in Namibia. The proposed transaction, valued between $30-50 million, promises to cap dilution and offer risk-free benefits to shareholders, while allowing Trigon to retain other valuable projects. Both companies see this deal as a strategic opportunity to enhance their mining portfolios in Africa.
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