12 °c
London
Monday, June 27, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home FDI

Triton Minerals secures $4M, targets $11M for graphite in Mozambique

FurtherAfrica by FurtherAfrica
November 12, 2015
in FDI, Mining, Mozambique, Natural Resources, Uncategorized
Reading Time: 1 min read
852 17
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Triton Minerals (ASX:TON) is seeking A$11.3 million for its drive to become a vertically integrated graphite company in Mozambique, with one investor agreeing to underwrite the fundraiser to a value of $4 million.

Triton is pursuing a pro rata non-renounceable entitlement issue of one share for every five shares held at an issue price of $0.15 per share, with each eligible shareholder offered one free attaching option for every two shares subscribed for under the offer.

The options are exercisable at $0.20 each and expire in March 2017. The closing date of the entitlement offer is December 11.

graphite_projects_mozambique__355

As part of the funding effort, GMP Securities Australia has agreed to partially underwrite the offer to a value of $4 million subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.

The money raised will be used to define resources at the Ancuabe graphite project and at the P66 zone of Triton’s Nicanda Hill graphite property – both in Mozambique.

Funds will also be applied to expansion of a Definitive Feasibility Study (DFS) to include P66, Ancuabe and a joint venture manufacturing facility in Mozambique and China.

Part of the proceeds will likewise be used to fund the start of construction at this facility with JV partner Yichang Xincheng Graphite.

Source: Proactive Investors

Related

Tags: AustraliaBalamaBrad BoyleCabo DelgadoGraphiteMineNicandaNicanda HillP66Triton MineralsVanadium Pentoxideモザンビーク
ScanSendShare348Tweet217Share61Pin78Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Energy

Total renewables & gas – the way to Mozambique’s new electricity demand

by Fabio Scala
June 27, 2022
Economy

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

by FurtherAfrica
June 26, 2022
Agriculture

Mozambique getting agricultural support right – World Bank

by Farmers Review Africa
June 25, 2022
Agriculture

Mozambique production grew by 26% in the 2020-2021 campaign – MADER

by Club of Mozambique
June 24, 2022
Gender

Vodacom Mozambique launches Young Women Scholarship Programme

by Club of Mozambique
June 23, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Energy

TechnipFMC awarded Angola offshore subsea contract

by Energy Capital & Power
June 27, 2022
0

French American oil and gas services company, TechnipFMC, has been awarded an offshore subsea contract in Angola by French energy...

Read more

Total renewables & gas – the way to Mozambique’s new electricity demand

June 27, 2022
Sonangol

Publication of Sonangol’s accounts awaits statutory obligations

June 27, 2022

Nigeria edtech startup Kibo Schoo raises US$2M

June 27, 2022

Global Center on Adaptation to help Ethiopia small farmers adapt to climate and food security

June 27, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...