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Tanami Gold NL (ASX:TAM)

ALERT: Price-sensitive ASX Announcement for TAM
Current share price for TAM : $0.061 -0.001 (-1.61%)+
Announcement
Release
18 May 2026 9:13AM
Price at Release
$0.062
Full Release
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Summary
Tanami Gold NL announced a pro rata renounceable rights issue to raise approximately $70.5 million through the issuance of 1,175,097,046 new shares at $0.06 each. This Entitlement Offer aims to fund a 50% capital contribution to the Central Tanami Project and provide working capital. The offer is fully underwritten by Bell Potter Securities Limited and managed in partnership with Evolution Capital. It is open to eligible shareholders in specific jurisdictions, excluding several countries where compliance costs render participation unfeasible. Eligible shareholders can trade their entitlements on the ASX or subscribe for new shares, with the offer closing on 27 May 2026. The results will be announced on 3 June 2026, followed by the issuance of new shares and commencement of trading on 4 June 2026.
Key Points
  • Pro rata renounceable rights issue announced by Tanami Gold NL.
  • Aim to raise $70.5 million through new shares issuance.
  • Funds to support Central Tanami Project and working capital.
  • Offer fully underwritten by Bell Potter Securities.
  • Eligibility restricted to shareholders in specified jurisdictions.
  • Entitlements tradable on ASX, with offer closing on 27 May 2026.
  • Results announcement and new shares issuance on 3 June 2026.
  • New shares commence trading on 4 June 2026.
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.