TZN 0.00% 4.4¢ terramin australia limited.

Ann: Placement raises $4 million, page-3

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    Agree. Looks like they are starting to get things moving. Zinc and Gold, two nice ones to have at the moment. Also, they have their Angas processing plant on standby for shorterm cash flow.

    Terramin Australia Limited (ASX: TZN) is pleased to announce that it has agreed a share placement to raise $4 million with a new sophisticated investor based in Australia. Under the subscription agreement with the new investor, 25,000,000 shares will be issued at an agreed price of $0.16 per share.
 
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