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TerraCom Launches A$60M Renounceable Entitlement Offer to Strengthen Balance Sheet
6:03pm on Tuesday 23rd of December, 2025 AEDT
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TerraCom Launches A$60M Renounceable Entitlement Offer to Strengthen Balance Sheet
6:03pm on Tuesday 23rd of December, 2025 AEDT
Key Points
Partially underwritten 1.25-for-1 renounceable entitlement offer at A$0.06 per share
Proceeds targeted to pay down creditors, strengthen balance sheet, and support working capital
Key directors committed to fully or partially take up their entitlements
Orbit Marketing Pte Ltd to sub-underwrite up to A$40 million of any shortfall
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