NFC backs Terramin with placement under A$50m facility

August 1st, 2011 | ASX Announcements

Terramin Australia Limited (ASX:TZN) is pleased to announce the placement of 12,300,000 shares to China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Company Ltd (NFC). The placement price will be $0.37 cents per share which is approximately a 30% premium to Terramin’s recent 15 day volume weighted average share price (vwap).

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