Tivan Completes Shortfall Placement to Raise AU$1.2 Million; Shares Rise 8%

MT Newswires Live

2024/11/18

Tivan (ASX:TVN) ) received firm commitments of AU$1.2 million under a share purchase plan shortfall placement, according to a Monday filing with the Australian Securities Exchange.

Under the offer, shareholders were also offered one free attaching unlisted option exercisable at AU$0.12 expiring in June.30, 2027, the filing said.

The board accepted firm commitments for the placing of 23.1 million new shares at AU$0.05 per share and 11.6 million new options under the shortfall offer.

The shortfall offer will close on Dec.2. Tivan's shares rose 8% in recent trade.

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