Terramin Australia Ltd

Published : November 02nd, 2015

Placement raises $3 million

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Keywords :   Australia | Market | Zinc |

Placement raises $3 million

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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]


Level 3

70 Hindmarsh Square Adelaide

SA 5000


Terramin Australia Ltd ACN 062 576 238

F +61 8 8213 1416

[email protected]

Level 3, 70 Hindmarsh Square, Adelaide, SA, 5000

T +61 8 8213 1415

www.terramin.com.au

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Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Terramin Australia Ltd

PRODUCER
CODE : TZN.AX
ISIN : AU000000TZN3
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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$ 91.1 millions as of today (US$ 62.3 millions, € 55.8 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.

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Financials of Terramin Australia Ltd
8/31/2016Interim Financial Report
7/29/2016 2nd Quarter Report
4/29/20161st Quarter Report
3/8/2016Financial Report
Project news of Terramin Australia Ltd
11/9/2016(Tala Hamza) Tala Hamza Zinc Project ProgressesTowards Development
8/8/2016(Bird-in-hand)Updated Bird-in-Hand Gold Resource Estimate
7/15/2016(Bird-in-hand)More High Grade Gold Results for Bird-in-Hand Gold Project
11/12/2013Completes Acquisition of Bird-in-Hand Gold Project
10/23/2013Executes Purchase Agreement for the Bird-in-Hand Gold Projec...
7/28/2011grows Menninnie project
5/27/2008(Angas)New Australian zinc mine nears commissioning
2/4/2008(Tala Hamza)Widest intersection to date in Algerian project for Terramin
11/28/2007Further High Grade intersections at Tala Hamza Deposit
Corporate news of Terramin Australia Ltd
7/31/20172nd Quarter Report
9/22/2016Grant of ASX Waiver
9/22/2016Grant of ASX Waiver
5/27/2016CEO Presentation – AGM 2016
5/27/2016Chairman’s Address – AGM 27 May 2016
4/26/2016 Notice of Annual General Meeting
4/12/2016Change of Address
12/2/2015Key Visit by Algerian Delegation to China
11/6/2015Debt Restructure and Marketing Agreement
11/2/2015Placement raises $3 million
10/1/2015Extension of Debt Facilities
8/18/2015Debt Restructure Agreed with Major Shareholder
8/4/2015Acquisition of strategic land for Bird-in-Hand Project
7/21/2015Termination of Menninnie Dam Joint Venture
7/14/2015Major shareholder converts $16.2 million notes into shares
7/14/2015Appendix 3B
10/11/2013Launches Rights Issues
8/8/2013Secures Finance for High Grade Bird-in-Hand Gold Project
7/19/2013to Acquire High Grade Bird-In-Hand Gold Project
5/3/2013to Commence Arbitration proceedings to resolve differences
4/17/2013announces Board changes
8/1/2011NFC backs Terramin with placement under A$50m Facility
7/29/20112nd Quarter Report 2011
9/10/2008New Aust. zinc mine an early revenue winner for Terramin
8/28/2008June 2008 Interim Financial Accounts
8/14/2008bullish zinc-lead outlook
7/28/2008first concentrates today
7/8/2008New Terramin program eyes several other zinc mines in Algeri...
6/24/2008Successful $16.5 million capital raising to fund ongoing Ter...
6/12/2008-Minotaur announce new Menninnie deal
5/29/2008$16.5 million capital raising for expansion
5/23/2008BROADENS ALGERIAN OPERATIONS
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AUSTRALIA (TZN.AX)FRANKFURT (T2A.F)
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