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TIVAN LIMITED — Capital/Financing Update 2018
Apr 9, 2018
65967_rns_2018-04-09_515864fb-d860-404b-8c9c-b09ba5a78d39.pdf
Capital/Financing Update
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10 April 2018
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ASX ANNOUNCEMENT
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$3.911M PLACEMENT COMPLETED
TNG Limited (ASX: TNG) is pleased to advise that it has issued 26,974,655 shares at $0.145 per share raising $3.911 million (before costs) on completion of the placement announced on 3 April 2018 and 5 April 2018. Details of the issue are set out in the Appendix 3B lodged today.
The placement was made pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1.
An outlined in the recent announcements, the additional funds will further strengthen the Company’s balance sheet as it progresses pre-development activities for its world-class Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.
Paul E Burton Managing Director
10 April 2018
Inquiries:
Paul E Burton Managing Director + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474
W www.tngltd.com.au E [email protected]
ASX CODE: TNG ABN 12 000 817 023
REGISTERED OFFICE T +61 8 9327 0900 Suite 20, 22 Railway Road F +61 8 9327 0901 Subiaco, Western Australia 6008