Tamboran ("TBN") has planned a private placement to raise gross proceeds of US$55.4mm, issuing 3.1mm new shares at US$17.74/sh (a 15% discount to the previous close). The first tranche of US$44.4mm is scheduled to close on 16th May, with the US$11mm balance contingent on shareholder approval. In parallel, TBN raised US$15mm by selling a non-operated, minority interest in 100k acres to its development partner, Daly Waters Energy ("DWE"). Together, US$70mm fully funds Phase 1 of the Shenandoah Sou ....
