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An update from Terramin Australia Limited ( (AU:TZN) ) is now available.
Terramin Australia Limited announced a 1 for 2.1 non-renounceable rights issue of ordinary shares to raise approximately $38.3 million. The proceeds will be used for loan repayments, development of various mining projects, and working capital. The offer is available only to shareholders in specific countries, excluding ineligible foreign shareholders due to legal and cost considerations.
More about Terramin Australia Limited
Terramin Australia Limited is a mining company involved in the exploration and development of mineral projects. The company focuses on zinc, gold, and copper projects, with a market focus on Australia and Algeria.
Average Trading Volume: 121,480
Technical Sentiment Signal: Sell
Current Market Cap: A$125M
For an in-depth examination of TZN stock, go to TipRanks’ Overview page.