Recently revived Triton Minerals has made stellar gains on its return to the ASX today, after raising $14.1 million and exiting voluntary administration with a new board and management team.
Shares in the Perth-based graphite explorer were suspended from trade in early March (worth 6.1 cents each at the time).
The company appointed representatives of Ferrier Hodgson as administrators, which then worked out a recapitalisation deal with China-based private gold company Minjar Gold and corporate finance firm Somers & Partners.
The recapitalisation deal involved Minjar subscribing for $6.3 million worth of shares at 6 cents each, with the majority of that to be used to extinguish all creditors claims against Triton, and a $7.8 million entitleme…
Read the full article at: https://www.businessnews.com.au/article/Triton-surges-on-ASX-return