Terracom lifts Springsure stake

TERRACOM has bought Springsure Investments’ 51% stake in Springsure Mining.

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Terracom lifts Springsure stake Terracom lifts Springsure stake Terracom lifts Springsure stake Terracom lifts Springsure stake Terracom lifts Springsure stake

A map showing the location of the Springsure project.

Terracom will issue 9.23 million at 65c a share, a 10% premium to the 10-day volume-weighted average price, for total consideration of $5.9 million.

The deal will take Terracom's holding to 87%.

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