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Terramin seeks cash for loan repayment, work

ASPIRING gold and base metals producer Terramin Australia is seeking to raise up to A$22 million by offering its shareholders a 30% discount on a one-for-three non-renounceable rights issue as it looks to revive its Angas zinc mine and develop the nearby 265,000 ounce, high-grade Bird-in-Hand underground gold mine.

Haydn Black
Terramin seeks cash for loan repayment, work

The big raising is pitched at 3.5c.   It is not underwritten, but has the backing of Terramin's directors, who will take up their entitlements, and major shareholder Asipac Group.   Asipac recently...

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