that was too late = it was too late?

[mylancuocy]

"
he put them both into his mouth
we both tried to get the coins
but it was too late.
"
Can "that was too late" substitute for "it was too late" above?
that was too late = it was too late?

[billmcd]

Either would be OK. Please use capitals and punctuation, as appropriate, in your posts.

[mylancuocy]

Either would be OK. Please use capitals and punctuation, as appropriate, in your posts.

Thank you so much.

[Rover_KE]

Mylancuosy, your thanks are appreciated, but you don't need to send them in a separate post or quote our replies back to us.
We are all happy to accept a simple click on the Like button as your acknowledgement of our help.

Rover