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Talga increases SPP kitty

ASX-listed Talga has taken the decision to increase the size of its recently completed share purchase plan (SPP) from the A$10-million targeted in December, to some A$30-million, after the placement was heavily oversubscribed.

The company on Wednesday revealed that it had received applications for some A$53.3-million shares, at an issue price of A$1.45 per share under the SPP.