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18.2% 0.9¢ triton minerals ltd

Ann: LOI for Project Funding and Off-Take for Nicanda Hill, page-51

  1. ddzx
    37,911 Posts.
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    27/04/15
    09:52
    Post #: 15160140
    i found this hard to understand:

    The issue of the equity in Triton may be undertaken in three (3) or more separate tranches, ensure that SQZG do not hold at any one time more than 19.99% equity in Triton.

    TON already has 360M fun tickets

    raising $100M at 50 cents is another 200M fun tickets of 33% of total shares

    so how to they keep SQZG's holding under 20%?
    Last edited by ddzx: 27/04/15
    TON Price at posting: 41.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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