- Eric Sprott announces holdings in Trigon Metals Inc. (TM)
- The exercise of warrants, combined with prior corporate treasury issuances of shares, resulted in a decrease in holdings of approximately 4.4 per cent of the outstanding shares
- Sprott now beneficially owns and controls 29,714,999 shares and 8,857,499 warrants representing approximately 21.8 per cent of the outstanding shares
- The exercise of warrants resulted in a partially diluted ownership change of greater than 2 per cent
- Trigon Metals Inc. (TM) is down 8.7 per cent, trading at C$0.52 at 2:11 pm PT
Eric Sprott exercised 7,500,000 common share purchase warrants of Trigon Metals (TM) for aggregate consideration of $1,500,000.
Before the exercise, Sprott owned and controlled 22,214,999 shares and 16,357,499 warrants of Trigon, representing approximately 17.3 per cent of the outstanding shares.
Sprott now owns and controls 29,714,999 shares and 8,857,499 warrants.
Sprott has a long-term view of the investment and may acquire additional securities or sell in the future depending on market conditions.
Trigon Metals Inc. (TM) is down 8.7 per cent, trading at C$0.52 at 2:11 pm PT.
