Trigon Metals Inc (TSE:TM) has released an update.
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Trigon Metals Inc. has declared a share consolidation, offering one new share for every five existing shares, effective June 4, 2024, aimed at maintaining shareholder ownership proportions with fewer shares. Additionally, Trigon has partnered with ICP Securities Inc. to utilize their automated market-making services and proprietary algorithm to stabilize the trading of its shares. This new strategy aligns with TSX Venture Exchange guidelines and involves an initial four-month term with potential extensions.
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