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Tivan Limited ( (AU:TVN) ) has provided an announcement.
Tivan Limited has successfully secured commitments from both Australian and international institutional investors to raise up to $9 million through a placement of approximately 85.7 million fully paid ordinary shares at $0.105 each, representing a discount to recent trading prices. The funds from this placement are intended to support Tivan’s initiatives under the Australian Government’s International Partnerships in Critical Minerals Program and planned equity investments with Sumitomo Corporation. Additionally, the company offers free-attaching options to placement participants, which could potentially raise an additional $8.6 million if exercised, although there is no guarantee of this. Evolution Capital acts as the Lead Manager for both the share placement and the options offer.
More about Tivan Limited
YTD Price Performance: 1.67%
Average Trading Volume: 6,764
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $133.2M
Find detailed analytics on TVN stock on TipRanks’ Stock Analysis page.
