Terragen Holdings Launches Major Equity Raising Plan

Terragen Holdings Ltd (AU:TGH) has released an update.

Terragen Holdings Ltd has launched an equity raising initiative, aiming to gather approximately A$4.77 million through a mix of institutional placement and a retail entitlement offer. The company plans to issue around 135.9 million new shares, representing about 36.8% of its existing capital. The entitlement offer is underwritten by Morgans Corporate Limited, while the institutional placement is not.

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