https://www.engineeringnews.co.za

Titan plans capital raising to progress Ecuador exploration

1st June 2020

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

ASX-listed Titan Minerals says it has received firm commitments from investors for a placement to raise A$12-million – at A$0.065 apiece.

Titan says the placement was strongly supported by existing and new domestic and offshore institutional investors.

The directors of the company have also committed to subscribe for an aggregate amount of A$500 000 of new shares at the same issue price.

Titan confirms it will offer eligible shareholders an opportunity to participate in a share purchase plan to raise an additional A$2-million. Shareholders will be able to subscribe for up to A$30 000 worth of shares at the same offer price of A$0.065 apiece, however, the share purchase plan is still subject to shareholder approval.

The proceeds will help the company progress towards starting its new high-impact drilling campaign at the Dynasty Gold project, in Ecuador. Additionally, proceeds will contribute to exploration activities at the Copper Duke project, also in Ecuador.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.062 1.143s - 140pq - 2rq
Subscribe Now