The DOW intends to invest approximately $17.8 million in Trilogy Metals in exchange for 8,215,570 units at a price of$2.17 per unit, with each unit comprising of one common share of Trilogy Metals and 3/4 of a 10-year warrant. Each full warrant would be exercisable following completion of construction of the Ambler Access Project (or "Ambler Road") at an exercise price of $0.01 to acquire one common share of Trilogy. The DOW intends to pay approximately$17.8 million to South32 in exchange for 8,215,570 co ...