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Terramin Australia Ltd Announces $14.1 Million Fully Underwritten Entitlement Offer


Sunday, 6 Oct 2013 05:02pm EDT 

Terramin Australia Ltd announced a non-renounceable Entitlement Offer of one new share for every two existing shares held by eligible shareholders will be launched in the coming days at a price of $0.035 per share to raise approximately $14.1 million. The Entitlement Offer will be fully underwritten by the Asipac Group. The funds, net of the costs of the Entitlement Offer, will be used to: progress the Bird-In-Hand project, the Tala Hamza project and advance the Company's other South Australian exploration interests; repay debt to Investec and Asipac; and provide working capital for the Company. 

Company Quote

0.039
-0.0010 -2.50%
9 Jul 2014