RE: RNS14 Dec 2021 07:06
Adam Davidson, Chief Executive Officer of Trident commented:
"I am thrilled with the support we have received from both institutional and retail investors, demonstrating strong support for our business model and the attractiveness of the Acquisition. Following strong demand we have increased the size of the Fundraising, which will provide additional capital for future royalty and stream acquisitions.
"The offering was well supported by both existing and new shareholders, seeing a number of leading institutional shareholders join our register.
"The funds raised will primarily be used for the acquisition of a portfolio of producing gold offtake streams from Orion Resource Partners, which is the most significant transaction we have completed to date and materially increases our scale and diversification, crucially providing immediate and significant cash flow to support our future growth and in due course and appropriate dividend policy. With our strong balance sheet, we look forward to updating shareholders on further pipeline opportunities."