Terracom seeks money for Qld expansion

TERRACOM is seeking to raise $35 million through a non-renounceable entitlement offer at 58c per share that it will use to seek expansion and development opportunities.

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Terracom seeks money for Qld expansion Terracom seeks money for Qld expansion Terracom seeks money for Qld expansion Terracom seeks money for Qld expansion Terracom seeks money for Qld expansion

Terracom's Blair Athol mine in Queensland.

Terracom chairman Wal King said the funds raised would also significantly reduce the company's cost of debt and provide leverage in the final negotiation of refinancing existing debt.