TON

4.17%

1.2¢ triton minerals ltd

I feel I'm in to deep to give up hope. Looking for a positive...

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als2own

119 Posts.

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01/09/18

21:40

Post #: 35352650
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Originally posted by JawDropper ↑

Settlement of the Placement

As per Section 1.2, the Company has received firm commitments for a single tranche placement to sophisticated and professional investors of up to 24,638,298 Placement Shares at an issue price of $0.047 per Placement Share. The Placement will raise up to $1,158,000 before costs. Shandong Tianye has committed to subscribe for 14 million Placement Shares under the

Placement. Subscribers to the Placement, including Shandong Tianye, have undertaken to transfer funds to Triton before the Closing Date. Despite this, there is no guarantee that the funds will be received prior to the Closing Date. If the Placement proceeds are not received prior to the Closing Date, the Company may need to raise additional capital to execute its business plan. Additionally, If the Shandong Tianye Placement proceeds are not received prior to the Closing Date, the Underwriter may terminate the underwriting agreement (refer Section 5.4

Yes als2own, but this a given and standard. If they don't go ahead, underwriter doesn't support the placement. All that means is the CR is a failure. They have made a commitment to go ahead, that's all anyone can work off. Looking at the worst scenario we would then have a shortfall that is not underwritten. That is highly unlikely.

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I feel I'm in to deep to give up hope.
Looking for a positive outcome.
Bad memories still exist.

Time will tell if supporting this is worth while.

Averaging down always upsets me and I'm sure I'm not alone

TON Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.2¢		Change -0.001(4.17%)		Mkt cap ! $18.03M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$1.952K	177.4K

Buyers (Bids)

No.	Vol.	Price($)
8	3448227	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1494403	4

View Market Depth

No.	Vol.	Price($)
8	3448227	0.011
2	300000	0.010
4	366822	0.009
3	212500	0.008
2	302850	0.007

Price($)	Vol.	No.
0.012	1494403	4
0.013	500000	2
0.014	47992	1
0.015	156818	3
0.016	299875	1

Last trade - 13.35pm 21/06/2024 (20 minute delay)

TON (ASX) Chart

I feel I'm in to deep to give up hope. Looking for a positive...

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I feel I'm in to deep to give up hope. Looking for a positive...

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