Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tamboran Resources Limited ( (AU:TBN) ) has issued an update.
Tamboran Resources Corporation has announced an underwritten public offering of 2,324,445 shares of common stock, with an option for underwriters to purchase an additional 348,666 shares. The proceeds from this offering will be used to fund the company’s development plan, working capital, and other general corporate purposes, potentially impacting its operational capabilities and market positioning. RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
More about Tamboran Resources Limited
Tamboran Resources Corporation is a growth-driven independent natural gas exploration and production company. It focuses on the commercial development of natural gas resources in the Beetaloo Basin, located in the Northern Territory of Australia, and is the largest acreage holder in this region with approximately 1.9 million net prospective acres.
Average Trading Volume: 3,212,470
Technical Sentiment Signal: Buy
Current Market Cap: A$379.9M
For detailed information about TBN stock, go to TipRanks’ Stock Analysis page.