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
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
11 October 2024
True North Copper
On the path to becoming Australia’s next responsible copper producer
On the path to becoming Australia’s next responsible copper producer Keep Reading...
3h
Nine Mile Metals Announces Completion of DDH WD-26-03, and Confirms Continued Mineralization at the Wedge Deposit
Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTCID: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile"), is pleased to announce that DDH WD-26-03 has been completed, logged, measured and zones of mineralization have been identified.DDH WD-26-03 was successful, intersecting pyrite and chalcopyrite... Keep Reading...
20h
DRC Closes Glencore Offices Over Tax Row
Congolese tax authorities sealed the local offices of Glencore's (LSE:GLEN,OTCPL:GLCNF) Kamoto Copper subsidiary last Thursday (July 9) over a multibillion-dollar payment dispute, Bloomberg reported.The government tax agency, known as the DGI, shut the Kolwezi offices after settlement talks... Keep Reading...
08 July
BHP Secures Key Chile Permit, Awards Australian Contract in Dual Copper Push
Top copper miner BHP (ASX:BHP,NYSE:BHP,LSE:BHP) continues to accelerate its global copper expansion, simultaneously securing environmental clearance to upgrade its Escondida mine in Chile and awarding an engineering contract worth over AU$200 million to scale its South Australian processing... Keep Reading...
30 June
Copper Price Trends: Q2 2026 Review and Forecast
Copper prices stayed elevated in Q2 as new factors further impacted already strained supply/demand.Copper supply has been affected by disruptions at major mine sites, smelter and refiner concentrate shortages and the US-led war against Iran, which has led to the closure of major shipping lanes... Keep Reading...
24 June
Anglo American, Codelco Finalize Deal to Merge Adjacent Copper Mines
Anglo American (LSE:AAL,OTCQX:NGLOY) and Codelco have finalized an agreement to merge the mine plans for their adjacent Los Bronces and Andina copper operations in Chile.The transaction follows a preliminary agreement signed in September 2025; the firms have now cleared all remaining antitrust... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






