Tempest Minerals rights issue offer results

Tempest Minerals Limited (ASX: $TEM) has successfully completed the pro-rata non-renounceable Entitlement offer, receiving applications for a total of 24,251,886 shares at an issue price of $0.008 per share. The New Shares are expected to be issued on Friday 12 July 2024, representing a take-up from eligible shareholders of approximately 23.36%.

Executive Commentary

Tempest would like to express gratitude to all shareholders for their support and enthusiasm. The Company is looking forward to advancing its exploration at the Western Australian projects, particularly the upcoming drilling at the Remorse Target. The Board has been authorized to allocate the shortfall at their discretion within 3 months of the closing date of the Offer, and will be approaching potential parties who have expressed interest in taking up the shortfall.

Summary of Rights Issue Offer Results

Tempest Minerals Limited (ASX: $TEM) has received applications for 24,251,886 shares at an issue price of $0.008 per share, resulting in a take-up from eligible shareholders of approximately 23.36%. The New Shares are expected to be issued on Friday 12 July 2024. The Company expresses gratitude to shareholders for their support and looks forward to progressing exploration at its Western Australian projects. The Board has been authorized to allocate the shortfall at their discretion within 3 months of the closing date of the Offer and will be approaching potential parties interested in taking up the shortfall.