TON 18.2% 0.9¢ triton minerals ltd

The result, page-45

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    'Triton creditors are being offered 100c in the dollar plus statutory interest under a new joint recapitalisation proposal by Chinese-backed miner/investor Minjar Gold and financier Somers & Partners. The creditors are due to vote this week on a new proposed deed of company arrangement that replaces separate previous proposals by the two companies.

    It incorporates a $A6.3M placement of 105.3M shares at 6c to Minjar and a $7.9M entitlements issue that will be underwritten by Somers. The Ferrier Hodgson administrators suggest the joint Minbar-Somers DOCA is the only viable option for creditors.'

    http://www.miningbusiness.net/content/triton-minerals-new-deal-offers-full-return-creditors

    Sorry if its old news to some..
 
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