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ASX Announcement
2 November 2015
Placement raises $3 million
Terramin Australia Limited (ASX: TZN) is pleased to announce that it has agreed a share placement to raise $3 million with two new investors. Under the subscription agreement with the new investors, a total of 16,638,935 shares will be issued at a price of $0.1803 per share, representing the volume weighted average price of the last 5 trading days. Settlement of the transaction is expected to occur in the next few days.
The funds raised will be used towards advancing the Company's projects and for working capital.
Commenting on the placement, Mr Martin Janes, Terramin's CEO said: 'We are very pleased to be able to organise this placement and we welcome the new investors to the register. This placement is also pleasing as it shows the continued interest of investors in the company's projects and the favourable outlook for the zinc market'.
For further information, please contact:
Martin Janes
Chief Executive Officer Terramin Australia Limited
+61 8 8213 1415
[email protected]
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Level 3
70 Hindmarsh Square Adelaide
SA 5000
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Terramin Australia Ltd
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PRODUCER |
CODE : TZN.AX |
ISIN : AU000000TZN3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Terramin is a zinc and lead development stage company based in Australia. Terramin produces zinc, lead, copper, gold and silver in Australia, develops lead and zinc in Algeria, and holds various exploration projects in Australia. Its main asset in production is ANGAS in Australia, its main asset in development is OUED AMIZOUR (TALA HAMZA) in Algeria and its main exploration properties are MENNINNIE ZINC, BIRD-IN-HAND and TALA HAMZA in Australia. Terramin is listed in Australia and in Germany. Its market capitalisation is AU$ 140.2 millions as of today (US$ 92.3 millions, € 85.0 millions). Its stock quote reached its highest recent level on October 15, 2010 at AU$ 0.80, and its lowest recent point on April 26, 2013 at AU$ 0.01. Terramin has 1 821 139 968 shares outstanding. |