Website and print publisher TPL Corporation (ASX:TPL) has completed the first tranche of a $2 million share placement.
The company has issued 54 million shares at an issue price of 1.6 cents per share, raising $864,000.
The placement was made to clients of broker Hartleys Limited.
TPL said it must wait until it receives shareholder approval to place the second tranche of 71 million shares.
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