Past year: ▲ 26%(18.5c – 31.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2023capital raising announcement● Neutral
The retail entitlement offer booklet was sent to eligible holders on 20 December 2023. The offer is 1 for 6.2 at the same A$0.16 price and closes 3 January 2024. It repeats terms already announced; no new figures.
15 Dec 2023capital raising announcement▲ GoodMajor
The institutional placement and entitlement offer raised A$40.8M at A$0.16 per CDI (254.9M new CDIs), including A$15.3M from Liberty and A$7.6M from Sheffield. A retail offer follows, open 20 December to 3 January. Funds support the Shenandoah South pilot sanction.
14 Dec 2023capital raising announcement● NeutralMajor
Tamboran launched a non-underwritten equity raise at A$0.16 per CDI: a ~A$28M placement plus a 1-for-6.2 entitlement offer, including A$15M from Liberty Energy and A$8M from Sheffield. Up to ~452M new CDIs fund Shenandoah South pilot sanction work planned for H1 2024.
7 Aug 2023capital raising announcement● Neutral
The Share Purchase Plan closed with only A$904,950 of applications, about 5.03M shares at $0.18, well below the ~$5M target. All valid applications were met in full. Tranche 2 of the placement still awaits shareholder approval.
What it means for a shareholder
5.0m new shares at US$0.180 to raise about US$904,950. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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26 July 2023capital raising announcement● Neutral
The Share Purchase Plan at $0.18 closing date was extended from 27 July to 3 August 2023 to give eligible shareholders more time. Results are now due 7 August, with shares issued 9 August.
6 July 2023capital raising announcement● Neutral
The Share Purchase Plan opened, letting eligible shareholders buy up to $30,000 of shares at $0.18, the same price as the placement. It targets $5M, may be scaled back or increased, and closes 27 July 2023.
27 June 2023capital raising announcement● NeutralMajor
Tamboran raised about $53.2M in a placement at $0.18 per share (12.2% discount), with $14.7M from Bryan Sheffield. It adds a ~US$9M H&P convertible note (5.5% PIK, conversion $0.21–$0.30) and a ~$5M SPP, totalling ~$71.4M. Resolves the low-cash thread (inference).
31 Oct 2022capital raising announcement▲ GoodMajor
Equity raise completed: about $137M from 652.5M placement shares at $0.21, including $30M from Sheffield and $22M from H&P, plus the $3.4M share purchase plan. All conditions for the Origin acquisition, including Ministerial approval, are satisfied. Resolves the funding thread.
18 Oct 2022capital raising announcement▲ Good
Share Purchase Plan closed with $3.4M of applications, all met in full for about 16.2M shares at $0.21. Slightly above the $3.0M target. The remaining placement tranche 2 (~$98.8M) still awaits the general meeting vote.
What it means for a shareholder
16.2m new shares at US$0.210 to raise about US$3.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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7 Oct 2022capital raising announcement● Neutral
Share Purchase Plan closing date extended from 7 to 14 October 2022, giving eligible shareholders more time to apply for up to $30,000 at $0.21. Administrative timetable change to the raising launched in September.
23 Sept 2022capital raising announcement● Neutral
Share Purchase Plan offer booklet released: eligible shareholders can apply for up to $30,000 of shares, on the terms set out in the 20 September announcement. Offer closes 7 October 2022 unless extended. Follows the placement.
23 Nov 2021capital raising announcement▲ GoodMajor
Tamboran raised about $35M in a placement of 94,498,961 shares at $0.37, anchored by US investor Bryan Sheffield with $20M, giving him about 7.4%. Funds will accelerate EP 136 work and working capital; shares on issue rise to 747,359,518.
What it means for a shareholder
94.5m new shares at US$0.370 to raise about US$35.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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1 July 2021capital raising announcement▲ GoodMajor
Tamboran issued a replacement prospectus for an ASX IPO of up to 165 million shares at $0.40 each, raising up to $66 million. It begins the company's move from unlisted gas explorer to ASX-listed company.
What it means for a shareholder
165m new shares at US$0.400 to raise about US$66.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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1 July 2021capital raising announcement▲ GoodMajor
Tamboran closed its IPO, issuing 152,510,514 shares at $0.40 to raise $61 million gross, and converted preferred shares into 237,088,597 ordinary shares. About $40.4 million is earmarked for the Maverick #1H well and $13.6 million for Tanumbirini wells.
