Trigon Metals renames to Safi Silver
TSX-V-listed Trigon Metals has completed a vertical amalgamation with its wholly-owned subsidiary, Safi Silver Corp, effective April 1.
Accordingly, the company has changed its name to Safi Silver Corp, subject to final acceptance of the TSX Venture Exchange.
The company says its trading symbol on the TSX-V will also change to ‘SF’ while its trading symbols on the over-the -counter markets and the Frankfurt Stock Exchange will remain unchanged.
The company’s common shares will begin trading under the name ‘Safi Silver Corp’ and the ‘SF’ ticker on April 6.
Trigon explains that the amalgamation was undertaken to simplify the corporate structure of the company and to reduce administrative costs.
No securities of the company will be issued or consolidated in connection with the amalgamation and the company's share capital will remain unchanged.
The company notes that all of the issued and outstanding shares of the subsidiary will be cancelled, adding that the assets, liabilities and obligations of the subsidiary will be assumed by the company.
Trigon assures that the amalgamation will not have any significant effect on the business and operations of the company, and that the common shares of the company will continue to be listed on the TSX-V.
Pursuant to the name change, the company says no action will be required by existing shareholders, nor will any certificates representing common shares of the company be affected or need to be exchanged.
The company encourages shareholders with any questions or concerns to discuss any of the foregoing with their broker or agent.
It notes that the amalgamation, name change and ticker change were approved by the company's board of directors, and the name change was previously approved by shareholders of the company, including disinterested shareholders.
Concurrent with the amalgamation and name change, the company filed articles of amendment, effective April 1, with Corporations Canada.
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