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TZ Limited (ASX:TZL)

ALERT: Price-sensitive ASX Announcement for TZL
Current share price for TZL : $0.026 -0.003 (-10.34%)+
Announcement
Release
23 Jun 2026 9:17AM
Price at Release
$0.029
Full Release
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Summary
TZ Limited (ASX: TZL) announced the completion of its placement to professional and sophisticated investors, raising $0.50 million before costs. This placement involved the issuance of 16,666,667 new fully paid ordinary shares at $0.03 each, which will rank equally with existing shares. Additionally, the company will offer a 1 for 4 Entitlement Rights Offer to eligible shareholders to raise approximately A$2.58 million. The entitlement offer shares will also be priced at $0.03 per share. The entitlement offer will open on 24 June 2026 and close on 8 July 2026.
Key Points
  • Completion of placement raising $0.50 million.
  • Issuance of 16,666,667 new shares at $0.03 each.
  • Shares will rank equally with existing shares.
  • Entitlement offer to raise approximately A$2.58 million.
  • Entitlement shares priced at $0.03 each.
  • Offer opens on 24 June 2026 and closes on 8 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.