• Tamboran Resources has commenced a registered direct institutional entitlement offer of Common Stock pursuant to an effective registration statement filed with the Securities and Exchange Commission (the "SEC") to "qualified institutional buyers" within the meaning of Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or institutions that are "accredited investors" within the meaning of Rule 501 under the Securities Act.
  • The institutional entitlement offer is also being conducted outside the United States for eligible existing holders of Common Stock or CHESS Depositary Interests ("CDIs"). The CDIs are not being registered under the Securities Act, and are not being offered in the United States.
  • Concurrently with the institutional entitlement offer, the Company is conducting a separate underwritten public offering of 2,956,602 shares of Common Stock (or 3,400,093 shares if the underwriters' option is exercised in full). The underwritten offering is a separate offering, and completion of the underwritten offering is not conditioned on completion of the entitlement offer, and vice versa.
  • The Company intends to use the net proceeds of the offering to fund the additional drilling in the Pilot Area, resource delineation in the Orion Acreage and the Beetaloo Central Development Area, drilling in the EP 161 acreage,working capital and other general corporate purposes.
  • RBC Capital Markets, LLC is acting as the exclusive placement agent for the offering.

Tamboran Resources Corporation (NYSE:TBN, ASX: TBN))