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Trigon Metals Inc ( (TSE:TM) ) has issued an announcement.
Trigon Metals Inc. announced the successful closure of the first tranche of its non-brokered private placement, raising $1,097,500 through the issuance of 4,390,000 common shares. In response to strong investor demand, the company has decided to increase the size of the offering to $2,533,100, with the second tranche expected to close soon. The funds raised will be utilized for working capital and general corporate purposes, pending necessary approvals from the TSX Venture Exchange.
More about Trigon Metals Inc
Trigon Metals Inc. is a publicly-traded Canadian company specializing in the exploration and development of copper and silver. The company operates primarily in African regions known for their mining-friendly environments, with significant activities in Namibia and Morocco. In Namibia, Trigon holds a substantial interest in the Kombat Mine, focusing on its exploration and redevelopment efforts.
YTD Price Performance: -47.92%
Average Trading Volume: 128,456
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$11.04M
See more insights into TM stock on TipRanks’ Stock Analysis page.
