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Off-market insider buying at Trigon Metals (V:TM)

Updated Tuesday Jan 16, 2018 02:48 AM EDT

Aberdeen International Inc., a 10% Holder, acquired 1,428,571 Common Shares on a direct ownership basis at a price of $0.350 through a prospectus or prospectus exempt offering on January 15th, 2018. The insider also acquired 1,428,571 Warrants with an exercise price of $0.500 for 24 months. This represents a $500,000 investment into the company's shares and an account share holdings change of greater than 100%.

Trigon Metals is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Trigon Metals Inc, formerly Kombat Copper Inc., is a Canada-based development-stage exploration and development company engaged in the acquisition, maintenance, exploration and development of mines and mineral properties in the African country of Namibia. The Company operates through the development of its Namibian mining and exploration permits segment. Its core operations are focused on copper resources in Namibia. It holds approximately 80% interest in over five mining licenses in the Otavi Mountain Lands, an area of Namibia. Within these licenses are over three past-producing mines, including the Company's property, the Kombat Mine. The Company signed a definitive mining contractor agreement with EBM Mining Namibia (Pty) Ltd. (EBM) to carry out development and mining of lead/copper mineralization at Kombat East, Kombat Central and Gross Otavi (all non-core areas), while also commencing the refurbishment of the mine infrastructure and production facilities. It has no revenues.

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Go to Trigon Metals Inc. (TM)'s company page

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