Company issues shares at A$0.35 each for additional working capital
By Devika Patel
Knoxville, Tenn., Nov. 22 - TZ Ltd. said it completed a private placement of stock.
TZ sold 8,091,446 ordinary shares at A$0.35 apiece for A$2.83 million. The price per share is a 2.78% discount to the Nov. 19 closing share price of A$0.36.
Proceeds will be used as additional working capital.
Based in Sydney, Australia, TZ develops electronic and smart materials technologies.
| Issuer: | TZ Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | A$2,832,006
|
| Shares: | 8,091,446
|
| Price: | A$0.35
|
| Warrants: | No
|
| Settlement date: | Nov. 22
|
| Stock symbol: | Australia: TZL
|
| Stock price: | A$0.36 at close Nov. 22
|
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