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Terramin Raises $38.3M in Rights Issue, Asipac Underwrites Shortfall
7:01am on Thursday 30th of October, 2025 AEDT
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Mining
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Terramin Raises $38.3M in Rights Issue, Asipac Underwrites Shortfall
7:01am on Thursday 30th of October, 2025 AEDT
Key Points
Rights issue to raise $38.3 million at $0.038 per share on a 1-for-2.1 basis
Major shareholder Asipac to underwrite up to $15 million of shortfall via debt conversion
Funds allocated to debt repayment, Tala Hamza Zinc Project, Bird Hand Gold, Kapunda Copper, and exploration
Offer closes 27 November 2025; shortfall offer closes 11 December 2025
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Terramin Australia (ASX:TZN)
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