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- Terramin Australia’s (TZN) subsidiary, Terramin Exploration, has entered an agreement with major shareholder Asipac Group for $23.3 million
- The agreement will see Terramin Exploration restructure its standby term facility
- The existing facility has been increased to $17.3 million on similar terms.
- Terramin shares are in the grey, with shares trading at 4.5 cents
Terramin Australia’s (TZN) subsidiary, Terramin Exploration, has entered an agreement with major shareholder Asipac Group for $23.3 million.
The existing secured facility has been increased to $17.3 million on similar terms.
Asipac has agreed to increase its total debt facility to $23.3 million, which enables Terramin to execute its corporate strategy while reviewing its long-term financing.
Terramin Australia, operating across Australia and Northern Africa, is engaged in the development and exploration for base and precious metals, particularly zinc, lead and gold.
Terramin shares are in the grey, trading at 4.5 cents each at 3:05 pm AEDT.
