TM1: yes they did .. you are correct!! The raise was at 6 cents...

TM1: yes they did .. you are correct!! The raise was at 6 cents

2the of June 2024

Terra Metals Limited (ASX:TM1) (Company) is pleased to announce that it has successfully secured commitments from institutional and sophisticated investors to subscribe for 100,000,000 new ordinary shares of the Company at an issue price of $0.06 per share, to raise gross proceeds of $6 million (Placement).

The Company’s largest shareholder, Tribeca, has committed to subscribe for approximately $941,000 under the Placement and Directors of the Company have committed to subscribe for $174,000 under the Placement, subject to shareholder approval. In addition, several new resource focused institutions supported the Placement, validating the recent Dante Reefs discovery.