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Terramin Australia Limited ( (AU:TZN) ) has shared an announcement.
Terramin Australia Limited has announced a pro-rata non-renounceable rights issue to raise approximately $38.3 million by offering new shares to eligible shareholders. The offer is partially underwritten by Asipac Group Pty Ltd and includes a shortfall offer for additional shares, with the potential impact of strengthening the company’s financial position and providing opportunities for growth.
More about Terramin Australia Limited
Average Trading Volume: 100,223
Technical Sentiment Signal: Sell
Current Market Cap: A$99.48M
For a thorough assessment of TZN stock, go to TipRanks’ Stock Analysis page.