Under the IPO, the company has issued 22 500 000 shares at AUS$0.20 per share, with one free-attaching listed option for every two shares subscribed for.
The acquisition of K2O Minerals Pty Ltd, joint venture (JV) partner of the SOP projects, was also completed under the Vendor Offer through the issue of 5 262 500 shares and 4 235 626 Vendor Performance Shares. The transaction provides Trigg Mining 100% ownership of the projects covering some 2640 km2 of granted tenements across two SOP projects 200 km east of Laverton in Western Australia, nearby established transport and energy infrastructure.
The funds raised will be applied to the advancement of exploration and evaluation at the Laverton Links and Lake Throssell SOP projects. A geological team has mobilised to site ahead of a planned drilling programme this quarter.
Managing Director, Keren Paterson commented: “We are delighted to complete the AUS$4.5 million IPO and ASX listing of Trigg Mining. It is a significant milestone in the journey of the company and the funds raised will be used to advance the exploration and evaluation of the Laverton Links and Lake Throssell Sulfate of Potash Projects.
“I would like to thank all of the seed shareholders and subscribers under the IPO for their support as we move towards developing this exciting agricultural minerals business and I look forward to keeping you informed as we progress the projects.”
Read the article online at: https://www.worldfertilizer.com/potash/03102019/trigg-mining-admitted-to-australian-securities-exchange/