Tianshan to raise $5.5m

TIANSHAN Goldfields has announced that it has secured firm expressions of interest from institutional and professional investors to raise $4 million in a share placement and $1.5 million in a mezzanine debt facility from Mineral Securities. The funds will be used in an extensive exploration program and the commencement of a scoping study, Tianshan said.The placement is being headed by Macquarie Bank, which will hold a 17.3 per cent stake in Tianshan following the deal. It will entail an issue of 26.7 million shares at 15 cents each.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
48 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer