Triton’s largest shareholder, Shandong Tianye, intends to...

Triton’s largest shareholder, Shandong Tianye, intends to subscribe for its 23.0% pro-rata share of the Entitlement Offer, being approximately $1.375m (19,648,750 Shares and 19,648,750 Options), subject to its ability to satisfy Chinese capital controls and transfer funds to Australia before the closing date of the Entitlement Issue. There is no guarantee that Shandong Tianye will have the funds available in Australia in time to subscribe for its entitlement.


Let me see if I get this.
The CR is at a "nice price" for Shandong Tianye. But they might not get the funds in time?
Does not make a lot of sense to me. Seems like the closing date of this CR could well be extended, if TON want to keep their largest shareholder happy.

This CR gives investors a good price to top up at these levels, with a good chance of the options being exercised.
Puts the company in a stronger position after the DFS, and what I really like is the "Fast track" of the project.

Probably overall, better to raise funds now, than after the DFS. IMO.

Would be wonderful to get some feedback from the Benchmark Graphite conference last Monday, if anyone was in attendance.
One speaker was presenting on the topic of Expandable Graphite, is there any way to get a copy of the slides presented?