Terramin's capital disappearing into Asipac

MORE than 30 months of a falling share price has seen low-profile Melbourne-based financial services group Asipac Group now holding nearly 40% of zinc and gold hopeful Terramin Australia.

Terramin's capital disappearing into Asipac Terramin's capital disappearing into Asipac Terramin's capital disappearing into Asipac Terramin's capital disappearing into Asipac Terramin's capital disappearing into Asipac

Terramin holds a stake in the long-stalled Tala Hamza zinc project in Algeria

A pro-rata non-renounceable rights issue that closed earlier this month saw A$8.6 million raised, of which $7.2 million came from Asipac.