Tivan Limited (ASX: TVN) announces firm commitments to raise up to AU$ 4.5 million through placement for ordinary shares and free-attaching options from institutional and sophisticated investors. The funds will support various projects including Speewah Fluorite Project and debt retirement, enhancing the company's financial position and facilitating progress on key initiatives in the second half of 2024.
Tivan plans to raise through the placement of approximately 69.2 million shares at AU$0.065 each, with a discount compared to recent share prices. The placement includes free-attaching options with an exercise price of AU$0.12 for each two shares, expiring in 2027. CLSA Australia Pty Limited and Amicaa Advisors Pty Ltd are the Joint Lead Managers, and Evolution Capital is the Co-Manager for the Placement. The Placement Options Offer will be under a prospectus lodged with ASIC and ASX, aiming to issue around 34.6 million Placement Options.
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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.
