Tambourah Metals Ltd's Entitlement Offer

Tambourah Metals Ltd (ASX:TMB) has announced a non-renounceable pro-rata offer to eligible shareholders, providing 1 new share for every 5 shares held at an issue price of $0.035 per new share, along with 1 free-attaching new option for every 1 new share subscribed for and issued. The offer also includes a top-up offer and a shortfall offer, aiming to raise funds for exploration projects and general working capital. The offers close on 2 October 2024.

Executive Commentary

The company aims to utilize the funds raised to advance its exploration projects and bolster its working capital. This offer presents an opportunity for eligible shareholders to participate in the company's growth and contribute to its strategic initiatives. We encourage potential investors to carefully review the details provided in the Prospectus and consider the potential benefits of participating in this offer.

Summary of Entitlement Offer

Tambourah Metals Ltd (TMB) has issued a non-renounceable pro-rata offer to eligible shareholders, aiming to raise funds for exploration projects and general working capital. The offer includes 1 new share for every 5 shares held at an issue price of $0.035 per new share, along with 1 free-attaching new option for every 1 new share subscribed for and issued. The company has emphasized the speculative nature of the securities offered and provided detailed information on the use of funds, substantial shareholders, potential dilution, and other important considerations for potential investors. The announcement presents an opportunity for eligible shareholders to contribute to the company's strategic objectives and participate in its future endeavors.