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Tyranna Resources Limited (ASX:TYX)

ALERT: Price-sensitive ASX Announcement for TYX
Current share price for TYX : $0.003 -0.001 (-16.67%)+
Announcement
Release
8 Jul 2026 8:58AM
Price at Release
$0.003
Full Release
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Summary
Tyranna Resources Limited has successfully secured $1.075 million through a placement involving 400 million shares at $0.0025 each, with the funds directed towards new project assessments and the ongoing Chinguar Gold Project. Additionally, the company announced the sale of its Namibe Lithium and Caesium Project for approximately A$2.07 million, enhancing its cash position. The placement, managed by Shaw and Partners, was issued at a 17% discount to the VWAP and involves director participation subject to shareholder approval, with an allotment expected around mid-July 2026.
Key Points
  • Tyranna Resources Limited (TYX) secured a $1.075 million via Placement.
  • The funds raised will support activities across new-project assessment and the Chinguar Gold Project.
  • Sale of Namibe Lithium and Caesium Project for approximately A$2.07 million.
  • Placement involved 400,000,000 Shares at $0.0025 per Share.
  • Issue price represented a 17% discount to prior 15-day VWAP.
  • Shaw and Partners engaged as lead manager for the Placement.
  • Director Participation requires shareholder approval.
  • Placement timetable includes allotment date on 15 July 2026.
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.