Tamboran Resources (TBN) Prices 3.125M Share IPO at $24/sh
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Tamboran Prices US IPO at US$24.00 Per Share
June 26, 2024 7:43 PM EDTHighlights
Tamboran Resources Corporation (Tamboran or the Company) today announced the pricing of its initial public offering of 3,125,000 shares of Common Stock at a price to the public of US$24.00 per share, raising gross proceeds of US$75 million to fund the ongoing drilling activities for the proposed Shenandoah South Pilot Project in the Beetaloo Basin. Tamboran has granted the underwriters a 30-day option to purchase up to an additional 468,750 shares of its common stock at the initial public offering price, less underwriting discount. Tamboran shares will commence trading on the New... More