Trigon Metals Announces $2.0 Million Private Placement
TRIGON METALS ANNOUNCES $2.0 MILLION PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
TORONTO, ONTARIO , May 15, 2017 – Trigon Metals Inc. (TSX VENTURE:TM) ("Trigon" or the
"Company") is pleased to announce that it has entered into a letter of engagement with Eight Capital acting as sole
bookrunner and lead agent, on behalf of a syndicate (together, the "Agents"), under which the Agents have agreed to
offer for sale units of the Company (the “Units”), on a “best efforts” private placement basis, subject to all required
regulatory approvals, at a price per Unit of $0.30 (the “Issue Price”) for total gross proceeds of up to approximately
$2,000,000 (the “Offering”).
Each Unit shall consist of one common share of the Company (a “Share”) and one -half of one common share
purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall en title the holder thereof to acquire one
Share at a price of $0.40 for a period of 36 months following the closing date of the Offering.
The Company has grant ed the Agents an option to offer for sale up to an additional 15% of the Units, at the Issue
Price, exercisable in whole or in part at any time for a period of up to 48 hours prior to the closing date of the
Offering.
The net proceeds from the Offering will be used for exploration and development of the Kombat Mine, and for
working capital and general corporate purposes.
The closing date of the Offering is scheduled to be on or about June 7, 2017 and is subject to certain conditions
including, but not limited to, the receipt of all necessary approvals , including the approval of the TSX Venture
Exchange.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities being offered
have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States absen t registration or an applicable exemption from the registration
requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and developmen t company with its core operations focused on
copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in
place with significant upside. The Company continues to hold an 80% interest in five mining li censes in the Otavi
Mountain lands, an area of Namibia particularly known for its high -grade copper deposits. Within these licenses are
three past producing mines including the Company's flagship property, the Kombat Mine.
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward -looking statements. Thes e statements include statements regarding the
Offering, the expected use of proceeds, the Company’s plans and expectations for the Kombat Mine and the
Company's future plans and objectives. These statements are based on current expectations and assumptions that
are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the
management discussion and analysis section of our interim and most recent annual financial statements or other
reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements, except as required by applicable laws.
For further information, contact:
Spyros Karellas
Investor Relations
+1 (416) 433-5696
www.trigonmetals.com