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Tanami Gold NL (ASX:TAM)

ALERT: Price-sensitive ASX Announcement for TAM
Current share price for TAM : $0.057 -0.035 (-38.04%)+
Announcement
Release
8 May 2026 10:17AM
Price at Release
$0.092
Full Release
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Summary
Tanami Gold NL has announced a fully underwritten 1 for 1 pro-rata renounceable entitlement offer to raise approximately A$70.5 million before costs. The offer aims to strengthen the company's financial position and support the development of the Central Tanami Project. Funds raised will be allocated towards various project developments including Groundrush exploration decline, surface resource definition drilling, and central camp upgrades. Key shareholders have committed to taking up their entitlements, and the offer is underwritten by Bell Potter Securities Limited. The entitlement offer is available to eligible shareholders and allows for the trading of entitlements on the ASX.
Key Points
  • Renounceable entitlement offer to raise A$70.5 million.
  • Funds to support Central Tanami Project developments.
  • Offer is fully underwritten by Bell Potter Securities Limited.
  • Key shareholders committed to taking up entitlements.
  • Entitlements are tradeable on ASX.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.