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TIVAN LIMITED — Capital/Financing Update 2018
Apr 4, 2018
65967_rns_2018-04-04_41e83828-7cda-4645-991c-b9c1ac017bcc.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
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5 April 2018
TNG INCREASES CAPITAL RAISING TO $3.911M
Further to its announcement of 3 April 2018, TNG Limited (ASX: TNG) is pleased to advise that, due to strong demand from institutional investors, it has increased the recently announced capital raising to $3.911 million.
The Company will now issue 26,974,655 shares at a price of $0.145, raising $3.911 million before costs.
The placement is being undertaken to Australian institutional funds pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1. Settlement of the placement is expected to occur on 9 April 2018.
An outlined in the recent announcement, 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
5 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