Tennant Minerals: Completes oversubscribed $5m placement

Tennant Minerals Completes oversubscribed $5m placement

• Tennant Minerals (TMS) completes a “heavily” oversubscribed $5 million capital raise
• The company has completed a placement to private investors to raise funds for a drilling program and development studies at its Barkly project in the NT
• The cash will go towards extending and defining the Bluebird copper-gold discovery to the east and west and testing its depth extent to greater than 400 metres
• Tennant is aiming to identify multiple copper-gold deposits within the Barkly tenements to establish a resource base to support a stand-alone mining and processing operation
• TennantMinerals shares are down 5.13 per cent, trading at 3.7 cents at 1:40 pm AEDT