TON 10.0% 0.9¢ triton minerals ltd

Ann: WGX: Westgold Lithium Option Deal with Triton Minerals, page-27

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  1. 18,171 Posts.
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    Hi Dakook, I agree with most of that, though it looks like WGX are wanting to focus on their gold assets as their announcement indicates they will be distributing the majority of shares to shareholders, not keeping them.

    So one big positive for TON would be a wider shareholder base with whoever are current holders of WGX becoming shareholders in TON.

    From TON perspective one would assume Shandong are on side as needs to be approved by shareholders. Shandong holding will be diluted to about 14% after the deal if my maths is any good.

    Perhaps Shandong are wanting some Lithium exposure or access to Lithium supply?
 
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