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Tamboran Resources Corporation (ASX:TBN)

ALERT: Price-sensitive ASX Announcement for TBN
Current share price for TBN : $0.225 -0.09 (-28.57%)+
Announcement
Release
9 Apr 2026 11:46AM
Price at Release
$0.315
Full Release
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Summary
Tamboran Resources Corporation announced a successful capital raise of up to US$198 million to accelerate activities in the Beetaloo Basin. The fundraise includes US$103 million via a public offer and A$86 million through an Institutional Entitlement Offer, with an additional A$27 million expected from a Retail Entitlement Offer. These funds aim to support extensive exploration and development work in the basin, projected to last until 2028. The offers were managed by RBC Capital Markets and E&P Capital Pty Limited, with provisions for underwriting agreements to ensure completion.
Key Points
  • Tamboran Resources Corporation has raised US$103 million through a public offer.
  • An Institutional Entitlement Offer raised approximately A$86 million.
  • A Retail Entitlement Offer is set to raise up to A$27 million.
  • Funds will support activities in the Beetaloo Basin until 2028.
  • The Retail Entitlement Offer allows for an oversubscription facility.
  • Key managers for the Entitlement Offer are RBC Capital Markets and E&P Capital Pty Limited.
  • The Entitlement Offer includes provisions for underwriting agreements.
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.