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Terrain Minerals Ltd ( (AU:TMX) ) has issued an announcement.
Terrain Minerals Limited has announced a capital raising initiative totaling up to $2,535,000, which includes a placement to sophisticated investors and a non-renounceable rights issue offer. The company’s board members are participating in the rights issue and underwriting a portion of the shortfall, securing approximately $231,000. The raised funds will be used to further exploration at the Smokebush Gold Project and other ventures, potentially impacting the company’s growth and stakeholder value.
More about Terrain Minerals Ltd
Terrain Minerals Limited is a company operating in the mining industry, primarily focused on gold and mineral exploration. Its main projects include the Smokebush Gold Project and the Biloela Qld Copper/Gold Project, with a market focus on expanding its mineral resources and advancing exploration activities.
Current Market Cap: A$6.75M
Find detailed analytics on TMX stock on TipRanks’ Stock Analysis page.