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Trigg completes A$4.5M IPO, starts trading on ASX

Trigg Mining Ltd. said Oct. 3 that its shares began trading on the ASX after completing a A$4.5 million initial public offering of 22,500,000 shares at 20 cents each.

This was the second time the potash explorer attempted an IPO to list on the Australian bourse, as its previous attempt to raise A$4 million in 2018 fell through.

Proceeds of the funds raised will be used to advance the exploration and evaluation at the Laverton Links and Lake Throssell sulfate of potash projects in Western Australia.

Meanwhile, its acquisition of joint venture partner K2O Minerals Pty Ltd. also closed, consolidating the ownership of the projects, which cover an area of about 2,640 square kilometers.

A drilling program will be conducted at the Lake Hope Campbell prospect of the Laverton Links project, after gathering the results from a study by the geological team due later this quarter.