Terragen Holdings Ltd (AU:TGH) has released an update.
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Terragen Holdings Ltd is launching a significant A$5 million equity raising initiative, offering new shares to investors at A$0.035 each. The move includes a non-underwritten institutional placement and a fully underwritten entitlement offer, with major shareholder Scobie Ward committing to a substantial portion. This strategic move aims to enhance Terragen’s financial position and attract investor interest.
For further insights into AU:TGH stock, check out TipRanks’ Stock Analysis page.