VANCOUVER, Oct. 31, 2019 /CNW/ - Trilogy Metals Inc.
(TSX, NYSE American: TMQ) ("Trilogy Metals" or "the
Company") has replaced its existing base shelf prospectus which
expires in December. The Company has filed a final short form
base shelf prospectus with the securities commissions in each of
the provinces of Canada, other
than Québec, and a corresponding registration statement on Form S-3
with the United States Securities and Exchange Commission ("SEC")
allowing for the future issuance, from time to time, of up to
US$100,000,000 in common shares,
warrants to purchase common shares, share purchase contracts of the
Company, subscription receipts, units or a combination of those
securities. Any amounts, prices and terms will be determined
based on market conditions at the time of an offering and will be
set out in an accompanying prospectus supplement. The
Canadian final base shelf prospectus will be valid for a 25-month
period. Once declared effective, the registration statement
will be valid for three years.
Although the Company has no immediate plans to do a financing,
the intention of the base shelf prospectus and shelf registration
statement is to allow the Company to more quickly access capital
when the capital is needed and as market opportunities permit.
The registration statement relating to these securities has been
filed with the Securities and Exchange Commission, but has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration and
qualification under the securities law of such jurisdiction.
Any offering of the securities covered by the base shelf
prospectus and shelf registration statement will be made solely by
means of a prospectus and an accompanying prospectus supplement
relating to that offering. Copies of the base shelf prospectus
and shelf registration statement are available, and copies of any
prospectus supplement relating to a particular offering will be
available, under the Company's profile on SEDAR at www.sedar.com
and EDGAR at www.sec.gov, respectively. Copies may also be
obtained, when available, by contacting the Corporate Secretary of
the Company at Suite 1150, 609 Granville Street, Vancouver, British Columbia V7Y 1G5, Telephone
+1 604 638 8088.
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SOURCE Trilogy Metals Inc.