Titan Minerals Limited: Launches Accelerated Entitlement Offer to Secure AU$7.6million

Nov 29, 2023

Titan Minerals Limited (ASX: TTM) is initiating an accelerated non-renounceable entitlement offer to potentially raise approximately AU$7.6 million. This offer includes issuing one new fully paid ordinary share (New Share) for every six existing shares held, at an offer price of AU$0.03 per New Share. It encompasses the issuance of up to roughly 254,158,876

New Shares, offering discounts ranging from 4.7% to 9.1% based on recent market prices. Eligible shareholders subscribing to the offer will also receive one free attaching option for each New Share, exercisable at AU$0.035 per option and expiring in 12 months. Furthermore, for every two Attaching Options, shareholders will receive an additional option at no cost, exercisable at AU$0.07 per option and expiring in three years. The funds generated will primarily support advancing exploration endeavours at Titan's Dynasty Gold Project.

 

 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com