Edition:
United Kingdom

Trilogy Metals says South32's Unit Owns About 6.5 Mln Shares in Co


Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Trilogy Metals Inc ::TRILOGY METALS ANNOUNCES A NEW LARGE SHAREHOLDER AND THE COMPANY'S CEO SIGNIFICANTLY INCREASES HIS SHARE POSITION.TRILOGY METALS SAYS CEO RICK VAN NIEUWENHUYSE INCREASED SHAREHOLDINGS OF CO BY ABOUT 1.7 MILLION SHARES, OWNING ABOUT 2.6 PCT OF CO.UNIT OF SOUTH32LIMITED HAS BECOME NEW SIGNIFICANT SHAREHOLDER OWNING ABOUT 6.5 MILLION SHARES OR ABOUT 6 PERCENT OF SHARES​ OF CO.SOUTH32 HAS PARTICIPATION RIGHTS IN FUTURE FINANCINGS AT 20 PERCENT TO 40 PERCENT TO A MAXIMUM OWNERSHIP OF 19.9 PERCENT IN CO.EXPECTS TO ADVANCE DEVELOPMENT OF ARCTIC AND BORNITE PROJECTS IN AMBLER MINING DISTRICT​.