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Terra Critical Minerals Advances Capital Raising via Quoted Options Entitlement Offer

Story Highlights
  • Terra Critical Minerals raised about $217,000 from 90 shareholders through its quoted options entitlement offer.
  • The company will place the 36.9 million option shortfall via its lead manager and is awaiting ASX confirmation to issue all options.
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Terra Critical Minerals Advances Capital Raising via Quoted Options Entitlement Offer

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Terra Uranium Limited ( (AU:T92) ) has provided an announcement.

Terra Critical Minerals Limited has reported the results of its non-renounceable entitlement offer of quoted options, under which approximately 90 eligible shareholders subscribed for 21,767,404 options at $0.01 each, raising about $217,000 before costs toward a targeted total of up to $600,000. The company plans to have the remaining shortfall of 36,862,654 options placed by its lead manager within two to three weeks and expects to issue all options once it receives ASX confirmation that listing requirements for the new quoted options have been satisfied, providing additional funding flexibility and supporting its ongoing activities.

More about Terra Uranium Limited

Terra Critical Minerals Limited (ASX: T92) is an Australia-listed resources company focused on critical minerals, with its securities traded on the Australian Securities Exchange and a shareholder base that participates in capital raisings via entitlement offers of quoted options.

Average Trading Volume: 930,857

Technical Sentiment Signal: Sell

Current Market Cap: A$6.3M

Find detailed analytics on T92 stock on TipRanks’ Stock Analysis page.

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