South32 stake in Trilogy Metals drops to 6% from 10.7% after U.S. Department of War deal
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TMQ• South32 reduces Trilogy Metals stake after U.S. Department of War investment
- South32 cut its Trilogy Metals stake to 10,379,741 shares, or 6.0%, from 18,595,311 shares, or 10.7%.
Disposal followed a US$35.6 million strategic equity investment by the U.S. Department of War, leaving it about a 10% shareholder.The Department of War gained a 10-year option to buy 6,161,678 shares from South32 at US$0.01 each.•
South32 stake in Trilogy Metals drops to 6% from 10.7% after U.S. Department of War deal - TMQ News | Rallies