Australia's ASIC Says Terracom To Pay A$7.5 Million After ASIC Whistleblower Action

AUSTRALIA'S ASIC:

• TERRACOM TO PAY A$7.5 MILLION AFTER ASIC WHISTLEBLOWER ACTION

• TERRACOM ADMITTED THAT ANNOUNCEMENTS CAUSED DETRIMENT TO THE WHISTLEBLOWER

• TERRACOM HAS ALSO BEEN ORDERED TO PAY ASIC’S LEGAL COSTS OF A$1 MILLION

• REFRS TO TWO ASX ANNOUNCEMENTS MADE BY TERRACOM ON 14 FEBRUARY 2020 AND 3 APRIL 2020