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Tamboran Resources Limited ( (AU:TBN) ) has shared an update.
Tamboran Resources has opened the retail component of its pro rata accelerated non-renounceable entitlement offer to eligible retail securityholders, with the offer set to close on 27 April 2026. The move follows the completion of a US public offering that raised about US$103 million and an institutional entitlement offer that added roughly US$60 million through new shares and CHESS Depositary Interests.
The retail offer booklet and personalised entitlement forms are being dispatched and made available online, while ineligible retail investors are receiving notification of their exclusion from the offer. The capital raising substantially strengthens Tamboran’s funding base, reinforcing its ability to pursue its gas development plans and potentially improving its financial flexibility and market positioning among institutional and retail investors.
More about Tamboran Resources Limited
Tamboran Resources Corporation is a dual-listed energy company trading on the NYSE and ASX, focused on developing natural gas assets. The company issues common stock and CHESS Depositary Interests to access both U.S. and Australian capital markets, underpinning funding for its growth and operations in the gas sector.
Average Trading Volume: 2,806,457
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.3B
For a thorough assessment of TBN stock, go to TipRanks’ Stock Analysis page.