Triton Minerals Ltd. Partially Underwritten Non-Renounceable Entitlement Offer
11.11.2015 | ABN Newswire
![Triton Minerals Ltd. Partially Underwritten Non-Renounceable Entitlement Offer](https://www.goldseiten.de/media/goldseiten-news.jpg)
In accordance with the ASX Listing Rules, eligible shareholders have been determined to comprise those shareholders with a registered address in Australia, New Zealand and the United Kingdom. Up to 75,309,885 Shares will be issued pursuant to the Entitlement Offer if it is fully subscribed.
GMP Securities Australia Pty Limited has agreed to partially underwrite the Entitlement Offer to a value of $4 million, subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.
Triton intends to apply the funds raised under the Entitlement Offer towards:
a) activities to define a resource at the P66 zone of Nicanda Hill at the Balama North project in the Cabo Delgado region of Mozambique;
b) activities to define a resource at the Ancuabe project in the Cabo Delgado region of Mozambique;
c) expansion of the definitive feasibility (DFS) study to include the P66 zone of Nicanda Hill, Ancuabe and the joint venture manufacturing facilities in Mozambique and China;
d) commencement of construction of the joint venture manufacturing facility in China with JV partner Yichang Xincheng Graphite Co. Ltd (YXGC); and
e) offer costs and general working capital.
About Triton Minerals Ltd:
Triton Minerals Ltd. (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.
Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.
Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.
It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.
Contact:
Triton Minerals Ltd.
Brad Boyle, CEO & Managing Director
T: + 61 8 6489 2555
E: bboyle@tritonmineralsltd.com.au
Paige Exley, Company Secretary
T: + 61 8 6489 2555
E: pexley@tritonmineralsltd.com.au