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Tivan Secures $5M Placement and $51.3M Term Sheet to Advance Speewah Project
1:10pm on Wednesday 7th of May, 2025 AEST
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Mining
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Tivan Secures $5M Placement and $51.3M Term Sheet to Advance Speewah Project
1:10pm on Wednesday 7th of May, 2025 AEST
Key Points
Agreed $5 million share placement at $0.105 per share with free-attaching options
Non-binding term sheet for $51.3 million equity funding to develop Speewah Fluorite Project
Investor committed to an 18-month standstill on selling placement shares
Equity investment structured via a special purpose vehicle with less than 22.5% investor stake
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Tivan (ASX:TVN)
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