Terramin Australia falls the most in over three months on discounted capital raising

Terramin Australia

14/09/2026 04:37

** Shares of Terramin Australia TZN.AX fall as much as 13% to A$0.0200, marking their steepest intraday pct fall since June 11
** Stock hits its lowest level since August 4
** Specialty mining and metals explorer launches a 1-for-1.5 non-renounceable entitlement offer to raise up to A$28.65 million ($20.48 million) at an issue price of A$0.018 per share
** Offer price implies a discount of about 21.7% to the stock's last closing price
** YTD, stock down 31%, including the session's moves
     
($1 = 1.3988 Australian dollars)

(Reporting by Paridhi Minda in Bengaluru)
((Paridhi.minda@thomsonreuters.com;))