True North Copper Says Shares Resume Trading on ASX; Shares Rise 7%

MT Newswires Live

01-14

True North Copper (ASX:TNC) said it resumed trading on the Australian Securities Exchange on Monday, following a recapitalization of the firm, according to a Tuesday filing with the Australian bourse.

The recapitalization included a AU$50.9 million conditional placement at AU$0.005 per new share and a AU$2.5 million share purchase plan at an issue price of AU$0.005.

The company's shares rose nearly 7% in early trade Tuesday.

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