Tungsten Mining announces issue of 3.75M shares

Company News

by Anna Napoli

Emerging tungsten developer, Tungsten Mining (ASX:TGN) has announced the issue of 3.75 million shares.

The shares have been issued as part consideration to Pilbarra Mineral Limited for the purchase of a modular processing plant.

Purchase of the plant was announced in July last year.

The shares were issued on the ASX yesterday at a price of 4 cents per share.

Shares in Tungsten (ASX:TGN) closed flat at $0.41 yersterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.