Terrain Minerals Director Justin Virgin Increases Stake via Share Placement

Terrain Minerals Ltd ( (AU:TMX) ) has shared an update.

Terrain Minerals Ltd has reported a change in director Justin Virgin’s relevant interest in the company’s securities following his participation in a recent share placement approved by shareholders at an extraordinary general meeting on 30 January 2026. Through his related entities, Virgin acquired 111,250,000 fully paid ordinary shares at prices of $0.0045 and $0.004 per share, increasing his holding under the J Virgin T/A Stockfeed account to 225,742,879 shares and lifting the combined shareholdings of his associated entities, while his option and performance option positions remain unchanged. The transaction underscores significant insider support for the company’s capital-raising activities, potentially strengthening Terrain Minerals’ financial position and aligning the director’s interests more closely with those of other shareholders.

More about Terrain Minerals Ltd

Terrain Minerals Ltd is an Australian-listed minerals exploration company engaged in the acquisition and development of mineral resource projects. The company focuses on identifying and advancing exploration-stage assets, with its securities traded on the ASX, and is subject to the exchange’s continuous disclosure and director interest reporting requirements.

Current Market Cap: A$16.12M

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