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Tambourah Metals Ltd Announces Entitlement Offer to Fund Exploration

Story Highlights
  • Tambourah Metals Ltd is offering new shares to eligible shareholders to raise $0.366 million.
  • The funds will support exploration projects and general working capital, excluding foreign shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tambourah Metals Ltd Announces Entitlement Offer to Fund Exploration

Confident Investing Starts Here:

An announcement from Tambourah Metals Ltd ( (AU:TMB) ) is now available.

Tambourah Metals Ltd has announced a non-renounceable entitlement offer, allowing eligible shareholders to purchase one new share for every eight existing shares at $0.02 per share, aiming to raise approximately $0.366 million. The funds will be used for exploration projects, general working capital, and covering the costs of the offer. The offer is limited to shareholders in Australia and New Zealand, excluding those with registered addresses outside these jurisdictions due to regulatory considerations.

More about Tambourah Metals Ltd

Tambourah Metals Ltd operates in the mining industry, focusing on exploration projects. The company is primarily engaged in the exploration of mineral resources and is listed on the Australian Securities Exchange under the ticker TMB.

Average Trading Volume: 1,103,500

Technical Sentiment Signal: Sell

Current Market Cap: A$3.38M

See more insights into TMB stock on TipRanks’ Stock Analysis page.

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