AI assistant
Trilogy Metals Inc. — Director's Dealing 2018
Apr 24, 2018
33424_dirs_2018-04-24_e4f6aced-4ff2-414e-8e92-7e277d2b9030.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2018-04-20
Reporting Person: KAPLAN THOMAS SCOTT (Possible member of 10% group)
Reporting Person: Electrum Strategic Opportunities Fund L.P. (Possible member of 10% group)
Reporting Person: Electrum Group LLC (Possible member of 10% group)
Reporting Person: ESOF GP Ltd. (Possible member of 10% group)
Reporting Person: GRAT Holdings LLC (Possible member of 10% group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-20 | Common Shares | J | 5031250 | $1.16 | Acquired | 29422923 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 10000 | Indirect |
| Common Shares | 833333 | Indirect |
| Common Shares | 113739 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Warrants (right to buy) | $1.52 | 2019-07-07 | Common Shares (2760870) | 2760870 | Indirect |
Footnotes
F1: On April 20, 2018, ESOF acquired 5,031,250 of the Issuer's Common Shares for an aggregate purchase price of $5,836,250, or $1.16 per Common Share.
F2: ESOF is an investment fund, of which The Electrum Group LLC is the investment adviser. ESOF GP Ltd. is the general partner of the sole general partner of ESOF.
F3: Mr. Kaplan is the sole shareholder of Tigris Financial Group Ltd. ("Tigris").
F4: GRAT Holdings LLC ("GRAT Holdings") is owned by trusts for the benefit of family members of Mr. Kaplan.
F5: In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by Tigris, GRAT Holdings, and ESOF is reported herein. For purposes of Section16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.