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Terrain Minerals Ltd ( (AU:TMX) ) has shared an announcement.
Terrain Minerals Limited has issued a total of 375,900,000 fully paid ordinary shares, comprising 375,000,000 shares from a recent placement and 900,000 shares as consideration for a land access payment. The company confirmed that the shares were issued without a disclosure document under the Corporations Act, while stating it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information requiring disclosure to investors.
The share placement strengthens Terrain’s capital position to support its exploration activities, and the use of shares for land access demonstrates a strategic approach to securing tenure and operational flexibility. These actions may influence the company’s capital structure and share base, with implications for existing shareholders as Terrain advances its projects within the regulatory framework.
More about Terrain Minerals Ltd
Terrain Minerals Limited (ASX: TMX) is an Australian resources company listed on the ASX, focusing on mineral exploration and related project development activities. The company operates primarily in Western Australia, where it advances its portfolio of resource assets and manages land access arrangements to support ongoing exploration work.
Current Market Cap: A$13.34M
Find detailed analytics on TMX stock on TipRanks’ Stock Analysis page.