Trilogy Metals announces $3.22M private placement led by major shareholders

Trilogy Metals Inc.

Electrum and South32 each subscribe for $1.2M; CEO Tony Giardini also participates.
5.85M common shares at $0.55 each, 3.9% dilution of current shares outstanding.
Gross proceeds of ~$3.22M used for general corporate purposes.
Placement subject to regulatory approvals from TSX and NYSE American.
Shares subject to four-month hold period in Canada and U.S. resale restrictions.

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