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Tamboran Resources Corporation (ASX:TBN)

ALERT: Price-sensitive ASX Announcement for TBN
Current share price for TBN : $0.265 0.07 (35.90%)+
Announcement
Release
23 Oct 2025 11:08AM
Price at Release
$0.195
Full Release
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Summary
Tamboran Resources Corporation announced a public offering of 2,324,445 shares of common stock with an option for underwriters to purchase additional shares. The proceeds will be used to support the company's development plans and general corporate purposes. The offering is managed by RBC Capital Markets, LLC and Wells Fargo Securities, LLC, and is conducted through a filed prospectus with the SEC. Tamboran, which focuses on natural gas exploration, is the largest acreage holder in the Beetaloo Basin in Australia.
Key Points
  • Tamboran Resources Corporation has commenced a public offering of 2,324,445 shares of Common Stock.
  • The company plans to grant underwriters a 30-day option to purchase up to an additional 348,666 shares.
  • Net proceeds from the offering will fund development plans, working capital, and other general corporate purposes.
  • RBC Capital Markets, LLC and Wells Fargo Securities, LLC are joint book-running managers.
  • The shares are being offered through a prospectus supplement filed with the SEC.
  • Tamboran focuses on natural gas exploration in Australia's Beetaloo Basin.
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.