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Tamboran Nets US$38.7M in First PIPE Tranche, Eyes August Shareholder Vote
1:15am on Monday 2nd of June, 2025 AEST
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Energy
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Tamboran Nets US$38.7M in First PIPE Tranche, Eyes August Shareholder Vote
1:15am on Monday 2nd of June, 2025 AEST
Key Points
First PIPE tranche raises US$38.7 million via 2.18 million shares at US$17.74 each
Second tranche of US$5.7 million subject to shareholder approval in August 2025
Funds earmarked for drilling to reach plateau production at Shenandoah Pilot Project
US$15 million acreage acquisition agreement with DWE Energy LP confirmed
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