representative work

Cassels Represents the Agents in Trigon Metal’s $4.8 Million Private Placement


On September 24, 2020, Trigon Metals Inc. closed a brokered private placement of 13,721,042 units at a price of $0.35 per unit for aggregate gross proceeds of approximately $4.8 million. Concurrently with the offering, Trigon completed a non-brokered private placement of 117,957 units for gross proceeds of approximately $42,000. Trigon expects to close a second tranche of the offering on or before October 1, 2020.

Each unit is comprised of one common share of Trigon and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share at a price of $0.45 for a period of 36 months from the closing of the offering.

In connection with the offering, Cormark Securities Inc. acted as lead agent, on behalf of a syndicate of agents, which included M Partners Inc.

Cassels acted for the agents with a deal team that included Chad Accursi, Randall Blom and Jesse Tepperman (Securities and Mining).

RELATED EXPERTISE: Securities | Mining