TNG Limited (AU:TVN) has released an update.
TNG Limited has announced a $7.5 million Entitlement Offer to fund its upcoming resource projects, offering shareholders the opportunity to purchase additional shares at a discounted rate, with bonus options for future share purchase. The offer is targeted at supporting shareholder investment after previous capital raisings were limited to select investors. This strategic move allows eligible shareholders to increase their stake in the company and partake in its growth, with potential additional funding through option exercises.
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