
May 23, 2024
True North Copper Limited (ASX: TNC) has released its Prospectus announcement.
For a non-renounceable accelerated institutional and retail entitlement issue of one (1) Share for every two (2) Shares held by those Eligible Shareholders registered at the Record Date at an issue price of $0.056 per Share to raise up to approximately $16,699,765 (based on the number of Shares on issue as at the date of this Prospectus) (Entitlement Offer).
Shareholders who apply for their full entitlement will also be entitled to apply for additional Shares under the Shortfall Offer up to a maximum of 100% of their existing Entitlements.
This Prospectus also contains an offer up to 135,237,504 Shares at an issue price of $0.056 per Share to Institutional Investors to raise up to approximately $7,573,300 (Placement Offer).
The Entitlement Offer and the Placement Offer are fully underwritten by Canaccord Genuity (Australia) Limited (ACN 075 071 466) (AFSL 234666) (Canaccord) and Morgans Corporate Limited (ACN 010 539 607) (AFSL 235407) (Morgans) (together, the Underwriters).
IMPORTANT NOTICE
This document is important and should be read in its entirety. If after reading this Prospectus you have any questions about the Shares being offered under this Prospectus or any other matter, then you should consult your stockbroker, accountant or other professional adviser.
The Shares offered by this Prospectus should be considered highly speculative.
Not for release to US wire services or distribution in the United States except by the Underwriters to Institutional Investors.
This is a replacement prospectus dated 23 May 2024. It replaces the prospectus dated 23 May 2024 relating to the Shares of True North Copper Limited (ACN 119 421 868).
Click here for the full ASX Release
This article includes content from True North Copper, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
TNC:AU
The Conversation (0)
11 October 2024
True North Copper
On the path to becoming Australia’s next responsible copper producer
16h
Empire Metals Limited - MRE Confirms World Dominant Titanium Discovery
Empire Metals Limited - MRE Confirms World Dominant Titanium DiscoveryEmpire Metals Limited, the AIM-quoted and OTCQX-traded exploration and development company, is pleased to report a maiden Mineral Resource Estimate ('MRE') at its Pitfield Project in Western Australia ('Pitfield' or the... Keep Reading...
17h
Empire Metals Limited - Conference Presentations & Attendance
Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-listed and OTCQX-traded resource exploration and development company, is pleased to inform investors that the Company will be attending and participating in the following upcoming events and conferences:Ignite Investment Summit Hong Kong... Keep Reading...
13 October
Australian Government Saves Glencore Copper Smelter with AU$600 Million Investment
The Albanese Government and Crisafulli Government are investing up to AU$600 million over the next three years in Glencore’s (LSE:GLEN,OTC Pink:GLCNF) Mount Isa Copper Smelter and Townsville Refinery to protect over 1,000 jobs.In a joint statement on Wednesday (October 8), Minister for Industry... Keep Reading...
10 October
Top 5 Canadian Mining Stocks This Week: Valhalla Jumps 282 Percent on Ambler Approval
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Statistics Canada released September’s job data on Friday (October 10). According to the... Keep Reading...
08 October
BHP to Invest Over AU$840 Million in Olympic Dam Operation as Copper Demand Grows
Major miner BHP (ASX:BHP,NYSE:BHP,LSE:BHP) welcomed October with the news that it will invest over AU$840 million in its Olympic Dam copper operation in South Australia.In an October 1 release, the commodities giant said that the funding is for a series of “growth-enabling projects” at the site,... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00