Terrain Minerals Limited (ASX:TMX)
Perth, June 24, 2009 AEST (ABN Newswire) - Terrain Minerals Limited (ASX:TMX) is pleased to confirm placement of the shortfall pursuant to the entitlement issue which closed on 12 June 2009 of 11,655,815 shares raising A$553,651.
As previously advised to the market, Terrain through the rights issue and the placement, approved by shareholders at the EGM on 25 May 2009, has successfully raised A$1.36m and has secured a further A$5 million funding facility with Fortrend Securities Pty Ltd.
The funds will be utilised to progress mining studies currently in progress and for working capital.
Further information regarding Terrain's projects and exploration programs can be found on the Company's website,
http://www.terrainminerals.com.au
Contact
Keith Wells
Managing Director
Terrain Minerals Ltd
Tel: +61-8-9481-2455
terrain@terrainminerals.com.au
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