Rights IssueMay 4, 2026, 04:13 PM
Tamboran Resources Raises A$24.8M via Retail Entitlement Offer
AI Summary
Tamboran Resources Corporation completed a retail entitlement offer on May 1, 2026, raising A$24.8 million. The company issued 99,375,000 CHESS Depositary Interests (CDIs), which represent 496,875 shares of common stock, at an issue price of A$0.25 per CDI. The offer was extended to existing shareholders in various international jurisdictions and was exempt from U.S. registration requirements under Regulation S.
Key Highlights
- Tamboran Resources raised A$24.8 million through a retail entitlement offer.
- The company issued 99,375,000 CHESS Depositary Interests (CDIs).
- These CDIs are underpinned by 496,875 shares of common stock.
- The issue price for the CDIs was A$0.25 per CDI.
- The offer was made to existing shareholders in Australia, Bermuda, Canada, Cayman Islands, Germany, Hong Kong, New Zealand, Norway, Singapore, Switzerland, United Arab Emirates, and the United Kingdom.
- The issuance was exempt from registration under Regulation S of the Securities Act of 1933.
Price Impact
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