Trigg Minerals announces additional binding commitments for $200k placement

Trigg Minerals Limited (ASX: $TMG) has received binding commitments for an additional $200k placement following the Company's announcement of a capital raising to raise $600k. The placement will raise $200k through the issue of 25,000,000 ordinary shares at an issue price of $0.008 per share to sophisticated, professional, and institutional investors. A general meeting of shareholders is expected to be held in early September 2024 to seek approval for the issuance of shares.

Chairman's Commentary on Additional Binding Commitments

We are pleased to see the additional strong support from existing shareholders and new investors. In the light of our recently announced geophysical results we are excited to have received support to apply additional resources to ramp up exploration activities at the Drummond Basin Project and look forward to providing updates to our shareholders.

Summary of Trigg Minerals' Additional Binding Commitments

Trigg Minerals Limited (ASX: $TMG) has received strong interest from sophisticated, professional, and institutional investors, resulting in additional binding commitments for a $200k placement. The funds raised will be used to extend exploration activities at the Drummond Basin Project in Queensland and for general working capital. The Company's Chairman, Timothy Morrison, expressed excitement about the support received and the opportunity to apply additional resources to exploration activities, indicating a positive outlook for the Drummond Basin Project.