AI assistant
TRITON MINERALS LTD — Capital/Financing Update 2011
Jan 26, 2011
65939_rns_2011-01-26_4fc9bfe8-9b99-4453-90bc-bb340c4ca38b.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX/ Media Announcement 27 January 2011
TRITON GOLD SPP RAISES $1,000,000
Triton Gold Limited (ASX: TON, “Triton”, “the Company”) is pleased to announce that the Company Share Purchase Plan offer (“SPP”) closed at 5.00pm WST on Friday, 21 January 2011.
The SPP was warmly received by Company shareholders with just over $1,027,000 worth of shares applied for at 13 cents. The Company is currently waiting the clearance of funds before finalising the allotment to those applicants.
This raising compliments the Company’s previous placement in December 2010 of 10 million shares at 13 cents per share to raise approximately $1,300,000.
The maximum raising under the SPP was for a Total of $1,700,000, being approximately 13 million shares. The Company will now look at the potential of placing the shortfall from the SPP with sophisticated investors.
Funds raised by the placement will be used to advance the exploration of Triton’s key focus Salmon Gums Gold Project in the Albany Fraser Province (host to the AngloGold Ashanti-Independence Tropicana deposits now totalling +5 million ounces and with development imminent) and for working capital purposes. The next phase of work at Salmon Gums will include geophysics and continued drilling.
Triton operates four projects in the Albany Fraser Province at Salmon Gums, Fraser Range North, Cundeelee and Neale.
John Loney Chairman
For further information, please contact:
Lance Govey Brad Boyle Managing Director Company Secretary Tel: +61 89215 4222 Tel: +61 89215 4222 Email: [email protected] Email: [email protected]
Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not necessarily limited to, statements concerning Triton Gold Limited’s planned exploration program and other statements that are not historic facts. When used in this document, the words such as “could”, “plan”, “estimate” “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. Although Triton Gold Limited believes that its expectations reflected in these are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forwardlooking statements.
Triton Gold Limited I Suite 18, Level 4, 44 Parliament Place, West Perth WA 6005 I T +61 89215 4222 I F +61 89226 1799