Tamboran (“TBN”) priced an underwritten offering of 2.3mm shares at US$21/ sh (~15% discount to the previous close), raising gross proceeds of US$48.8mm. Additionally, TBN included 0.35mm broker options at a strike of US$21/sh with a 30-day expiry. This puts TBN on a solid footing going into of an active period ahead of early production and the acquisition of Falcon Oil & Gas, where the funds will help towards the cash element of US$24mm. The raise follows period of strong operational progress i ....
