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Terrain Minerals Ltd ( (AU:TMX) ) has provided an update.
Terrain Minerals Ltd has announced a pro-rata non-renounceable entitlement issue, offering 1 share for every 3.7 shares held, priced at $0.003 per share, along with 1 free new option per share, aiming to raise up to $1,823,154. This entitlement offer is partially underwritten by company directors and includes a secondary offer of up to 245 million new options to placement participants, reflecting a strategic move to bolster the company’s financial position and potentially enhance shareholder value.
More about Terrain Minerals Ltd
Current Market Cap: A$6.68M
Find detailed analytics on TMX stock on TipRanks’ Stock Analysis page.