other material
confidence high
sentiment neutral
materiality 0.55
Trilogy Metals closes $3.22M private placement at $0.55/share led by top shareholders
Trilogy Metals Inc.
- Closed non-brokered private placement of 5,854,545 common shares at US$0.55 per share for gross proceeds of US$3.22 million.
- Electrum and South32 each subscribed for US$1.2 million; CEO Tony Giardini also participated.
- Related parties purchased 4,545,454 shares; proceeds for general corporate purposes.
- Post-closing, outstanding shares total 154,837,574; Electrum holds 21.0%, South32 holds 12.0%.