TTA is proposing to issue 865,403,531 new shares through this rights offering, at a ratio of 15 existing shares to six newly issued shares. The rights offering will deliver a minimum discount of 20% on TTA’s volume weighted average share price over the last 30 days prior to 6 January 2015.
Free warrants will be issued to shareholders who subscribe for new shares at a ratio of two warrants to six newly subscribed shares.
