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Tennant Minerals Limited (ASX:TMS)

ALERT: Price-sensitive ASX Announcement for TMS
Current share price for TMS : $0.007 -0.001 (-6.67%)+
Announcement
Release
9 Jul 2026 3:48PM
Price at Release
$0.008
Full Release
download
Summary
Tennant Minerals Limited issued a prospectus on 9 July 2026 for offers of New Options, including a Placement Offer, Lead Manager Offer, and Options Placement Offer. The document specifies the issuance of up to 430,769,219 New Options to Placement Participants, 68,923,075 New Options to the Lead Manager, and up to 300,000,000 New Options to non-related parties through a bookbuild process, all priced at $0.001 per option. The proceeds, anticipated to be up to $300,000, are intended for legal costs, exploration activities, and general working capital with no minimum subscription set. These New Options will be on terms consistent with existing shares, contingent upon exercise.
Key Points
  • Tennant Minerals Limited is offering a prospectus for options to acquire continuously quoted securities.
  • The prospectus is dated 9 July 2026 and outlines a non-renounceable rights issue.
  • The offers include approximately 430,769,219 New Options to Placement Participants, 68,923,075 New Options to the Lead Manager, and up to 300,000,000 New Options to participants in the Options Placement.
  • The New Options are being issued at an issue price of $0.001 per option to raise up to $300,000 for legal and working capital costs.
  • No minimum subscription is required for any of the offers.
  • The funds raised will be applied towards exploration activities, metallurgical testing, and general working capital.
  • The New Options will be issued on the conditions set out in the prospectus and will rank equally with existing shares upon exercise.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.