Terragen Holdings Ltd (AU:TGH) has released an update.
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Terragen Holdings Ltd has announced a significant A$5.0 million equity raise through a mix of institutional placement and a 1-for-3.22 pro rata non-renounceable entitlement offer. The initiative aims to issue approximately 114.62 million new shares, with the placement expected to generate A$1.0 million and the entitlement offer to bring in A$4.0 million. This move could reshape the company’s shareholder structure, appealing to investors looking for growth opportunities in the stock market.
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