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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	TUC
Latest Price:	0.16 (-5.88% )
52-week High:	0.47
52-week Low:	0.13
Market Cap:	19.90M

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TUC Resources

TUC Resources (ASX: TUC) is a resource development company whose focus is the commercialisation of mineral assets. The Company currently holds 16,000km² of ground across the Northern Territory of Australia.

Territory Uranium SPP closes oversubscribed

Wednesday, September 23, 2009

Northern Territory-focussed junior Territory Uranium Company (ASX: TUC) was swamped with applications from shareholders for its share purchase plan (SPP), receiving applications for almost double the original set amount of $1.25 million.

Consequently, the company’s board has decided to increase the allotment to the maximum limit allowed, which is 20 million shares at $0.08 apiece for a total of $1.6 million.

Ian Bamborough managing director of Territory said the success of the SSPP, together with funds from two placements totaling $1.2 million, would pave the way for aggressive exploration of targets identified over the past 18 months within its suite of projects in the NT.

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