Terramin Australia extends rights issue, shortfall offer closing dates

Terramin Australia Limited (ASX: TZN) has extended the closing date for its pro-rata non-renounceable rights issue offer to 5:00 PM (AEDT) on Monday, 8 December 2025. This move follows the initial announcement on 29 October 2205, and prospectus dispatch on 7 November 2025. The shortfall offer closing date has also been extended to 5:00 PM (AEDT) on Monday, 22 December 2025.

The updated timetable indicates the announcement of offer results and issue date of shares under the offer and shortfall shares by eligible shareholders before 12:00 PM (AEDT) on 15 December 2025. The announcement of shortfall offer results and issue date of shortfall shares to new investors or Asipac as partial underwriter will occur on Tuesday, 30 December 2025. The offer price for retail security holders remains AUD 0.03800 per security, with a maximum of 1,007,887,010 additional securities proposed to be issued.

Asipac Group Pty Ltd is partially underwriting the shortfall up to a maximum of $15.0m, capped so that its voting power does not exceed 45.0%. The underwriting commitment will be satisfied through a reduction of debt owed to Asipac. The offer permits over-subscriptions, with any scale-back prioritizing existing shareholders and new long-term investors before Asipac.