Terramin to Issue Over 235 Million Shares to Asipac in Debt Discharge Deal; Shares Up 13%
MT Newswires Live
Dec 22, 2025
Terramin Australia (ASX:TZN) said it will issue 235.1 million new shares at AU$0.038 per share to Asipac Group on Dec. 30 under the shortfall partial underwriting and debt discharge deed, according to a Monday filing with the Australian bourse.
The shares will be issued to settle an equivalent amount of debt owed by the company's wholly owned subsidiary, Terramin Exploration, to Asipac, in accordance with the entitlement issue prospectus, per the filing.
The share issue will raise Asipac's total stake in the company to 45%, and the company has extended the shortfall offer closing date to March 8, 2026, the filing added.
The company's shares rose around 13% in recent Monday trade.
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