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TZ Limited (ASX:TZL)

ALERT: Price-sensitive ASX Announcement for TZL
Current share price for TZL : $0.030 0.002 (7.14%)+
Announcement
Release
13 Jul 2026 8:56AM
Price at Release
$0.028
Full Release
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Summary
TZ Limited announced the completion of its non-renounceable entitlement offer, which raised approximately A$121,282 by issuing 4,042,731 new shares at an offer price of A$0.03 per share. A shortfall of 81,925,404 shares remains, and the directors have the discretion to place these shares at the same price within three months. The company plans to market these shares to existing eligible shareholders and sophisticated investors. The settlement and allotment of new shares are scheduled for July 14-15, 2026.
Key Points
  • TZ Limited completed a non-renounceable entitlement offer.
  • Offer price was A$0.03 per new share.
  • Total of 4,042,731 new shares applied for, raising approximately A$121,282 before costs.
  • 81,925,404 shares remain unsubscribed as shortfall shares.
  • Directors may place the shortfall shares at their discretion.
  • The shortfall shares can be placed at the same price as the entitlement offer.
  • The company aims to market the shortfall shares within three months of the offer closure.
  • Settlement and allotment of new shares scheduled for July 14-15, 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.