True North Copper (AU:TNC) has released an update.
True North Copper Limited announces an accelerated entitlement offer to raise approximately $16.7 million, allowing shareholders to purchase one new share for every two shares held at $0.056 each. Participants can also apply for additional shares through the Shortfall Offer. Additionally, the company offers a separate Placement Offer for institutional investors to raise about $7.6 million, with both offers fully underwritten by Canaccord Genuity and Morgans.
For further insights into AU:TNC stock, check out TipRanks’ Stock Analysis page.
