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Terramin Australia Limited ( (AU:TZN) ) has shared an announcement.
Terramin Australia Limited has announced a non-renounceable rights issue to raise approximately $38.3 million by offering new shares to eligible shareholders in Australia, New Zealand, Hong Kong, Singapore, and China. This strategic move aims to strengthen the company’s financial position and support its ongoing projects, potentially impacting its market presence and stakeholder interests positively.
More about Terramin Australia Limited
Terramin Australia Limited operates in the mining industry, focusing on the exploration and development of base and precious metal projects. The company primarily engages in the production of zinc, lead, and gold, with a market focus on Australia and select international regions.
Average Trading Volume: 121,480
Technical Sentiment Signal: Sell
Current Market Cap: A$125M
See more insights into TZN stock on TipRanks’ Stock Analysis page.