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TerraCom Limited (ASX:TER)

ALERT: Price-sensitive ASX Announcement for TER
Current share price for TER : $0.066 -0.002 (-2.94%)+
Announcement
Release
24 Feb 2026 8:09AM
Price at Release
$0.068
Full Release
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Summary
TerraCom Limited announced that it has raised approximately $1.1 million through a placement of around 19.3 million new shares, priced at $0.06 per share. The funds raised will be used to provide additional working capital, strengthen the company's balance sheet, and cover the costs of the placement. The new shares were issued on 23 February 2026. The placement was made within the company's placement capacity under the ASX Listing Rule 7.1.
Key Points
  • TerraCom Limited raised $1.1 million through a placement.
  • Approximately 19.3 million new shares were issued at $0.06 each.
  • Funds will be used for working capital and balance sheet strengthening.
  • The placement was under ASX Listing Rule 7.1.
  • New shares were issued on 23 February 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.