Minjar Gold

Strategic Equity Investment in Triton Minerals

September 2016

On 8 July 2016, the creditors of Triton Minerals Limited resolved to execute a deed of company arrangement (DOCA) to effect a recapitalisation comprising a A$6.3m placement to Minjar Gold (or its nominee) and a A$7.9m underwritten entitlement issue, pursuant to which Minjar Gold (or its nominee) would become a 19.9% shareholder in Triton.

The placement was ultimately made to Minjar’s parent company, Shandong Tianye Mining Co. Limited (as Minjar’s nominee) and on 23 September 2016, the voluntary administrators of Triton announced that the DOCA had been successfully implemented.

Triton Minerals owns the Ancuabe Graphite Project in Mozambique, which has been identified as a promising project in terms of grade, flake size distribution amongst others. The funds raised are being applied to progress the further development of Ancuabe.

Azure Capital advised Minjar and Shandong Tianye on all aspects of its investment including valuation, strategic advice, structuring and negotiation of the relevant transaction agreements.