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The latest announcement is out from True North Copper ( (AU:TNC) ).
True North Copper Limited announced the successful completion of its capital raising initiative, securing approximately $53.44 million before costs through a combination of share placements and a share purchase plan. This move facilitates the company’s reinstatement of its securities to official quotation, following a consolidation of its issued capital and the settlement of various creditor liabilities. These financial maneuvers are expected to strengthen True North’s operational foundation and strategic positioning in the mining sector.
More about True North Copper
True North Copper Limited operates in the mining industry, focusing on the extraction and exploration of copper resources. The company is listed on the Australian Securities Exchange (ASX) under the ticker TNC.
YTD Price Performance: 0.0%
Average Trading Volume: 15,832
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$30.9M
For an in-depth examination of TNC stock, go to TipRanks’ Stock Analysis page.
