Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

TNC Announces Institutional Placement

by March 28, 2024
March 28, 2024
TNC Announces Institutional Placement

True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to advise that it has signed binding documentation with Millinium Capital Managers Limited as trustee for MP Materials and Mining Group Fund for a placement of A$5 million comprising the issue of 41,666,667 fully paid ordinary shares in the Company (Shares) at an issue price of A$0.12 per Share (Placement).

The issue price of $0.12 per Share represents a 66.67% premium to the last closing price of $0.072 prior to the Placement, demonstrating strong investor confidence in the Company’s future prospects and growth potential.

The Shares will be issued under existing placement capacity pursuant to Listing Rule 7.1A and will be subject to voluntary escrow for a period of 12 months from the date of issue.

Settlement of the placement and the issue of the Shares is expected to occur in tranches within the next 7 business days. The Company intends to apply the funds towards working capital including exploration programs.

MP Materials and Mining Group Fund is a specialist mining investment fund office backed by high net worth and family office investors.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Largest U.S. sportsbooks join forces to tackle problem gambling
next post
Many Peaks Minerals Ltd (ASX: MPK) – Trading Halt

Related Posts

RecycLiCo Battery Materials and Zenith Chemical Announce a...

June 13, 2023

Nevada Sunrise Announces 12.6 Grams/Tonne Gold over 20.3...

October 4, 2023

Tech 5: Apple to Invest US$500 Billion in...

March 2, 2025

Amendments to Ukraine Transaction

January 3, 2024

Top 3 Canadian Graphite Stocks of 2023

July 29, 2023

Osisko Metals Intersects 300 Metres Averaging 0.39% Copper...

April 14, 2025

Lake Resources NLMaiden Ore Reserve Defined at Flagship...

December 20, 2023

Tech 5: Trump Admin Issues Crypto Executive Order,...

January 26, 2025

Trailbreaker Resources Intersects Gold Mineralization in All Drillholes...

September 6, 2023

Aclara Awards the Carina Module Pre-Feasibility Study Contract...

May 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

    • Trump’s Nuclear Revival Plan Boosts Uranium Prices, Sends US Miners Soaring

    • Group Eleven Announces Appointment of Jasmine Lau as Chief Financial Officer

    • Charbone Hydrogene annonce les resultats financiers T1 2025

    Categories

    • Business (1,221)
    • Investing (2,498)
    • Politics (3,699)
    • Stocks (1,611)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved