Trigon Metals Inc (TSE:TM) has released an update.
Trigon Metals Inc. is proceeding with the strategic spin-out of its Moroccan assets into a new entity, Safi Silver Corp., which aims to enhance shareholder value by allowing a dedicated focus on the Silver Hill and Addana projects. The move will also enable Trigon to concentrate on its Kombat Mine operations in Namibia. Trigon shareholders are set to vote on the arrangement, which includes a share distribution plan and a concurrent Spinco Financing aiming to raise between $2 million and $5 million.
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