PROJECT FINANCE

TNG completes oversubscribed placement

TNG has successfully completed an oversubscribed share placement as it advances options for development of its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory.

 Mt Peake

Mt Peake

The capital plan raised A$12.5 million at 9c, and was backed to the tune of $1.5 million by major shareholder, Germany-based Deutsche Balaton, plus a number of new institutional and high net worth investors....

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