ASX-listed Triton Minerals has received A$8.5-million from a strategic placement from China’s Jinan Hi-Tech, as part of a larger A$19.5-million agreement.
Triton in June this year announced the agreement, under which Jinan would subscribe for A$8.5-million shares in Triton, taking some 207.3-million shares at 4.1c a piece, while also acquiring g Triton shareholder Shandong Tianye Mining’s 19.3% stake in the company in a separate deal valued at A$11-million.