First Tranche of A$50 million to Fund Growth

March 7th, 2011 | ASX Announcements

Terramin Australia Limited (ASX:TZN) is pleased to announce it has received the first A$6.2 million tranche of funding under the terms of the A$50 million subscription agreement between China Non-Ferrous Metals Industry’s Foreign Engineering & Construction Co., Ltd (NFC). 10,000,000 shares have been issued to NFC at A$0.62 a share (an approximate 55% premium to prevailing share price).

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