Tempest Minerals

Placement of Shortfall from Rights Issue

Further to the Company’s announcement dated 10 July 2024, Tempest Minerals Limited ASX: TEM) (“Tempest” or the “Company”) is pleased to announce that it has completed the placement of the Shortfall arising from the non-renounceable pro-rata Entitlement Offer (Offer) offered on the basis of 1 new share for every five (5) fully paid ordinary shares held at an issue price of $0.008 per new share and has issued 79,573,471 shares raising a further $636,587, for a total raising of $830,602 from the Rights Issue.


Under the terms of the Offer Issue as outlined in section 1.11 of the Rights Issue Offer Document, the Directors allocated the Shortfall at their discretion to various parties who previously expressed potential interest in taking up the Shortfall.

Tempest welcomes the new shareholders and is excited to further progress our exploration at our Western Australian projects including our upcoming drilling at the Remorse Target, which is expected to begin imminently.

For managing the Shortfall, the facilitator will be paid a 6% fee and has, as part of its compensation, subscribed for 9,946,684 options exercisable at $0.016, expiring on or before 6 August 2026 at an issue price of $0.00001 (‘Options’). The Options were issued under Listing Rule 7.1.

The Board of the Company has authorised the release of this announcement to the market.


Click here for the full ASX Release

This article includes content from Tempest Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

TEM:AU
The Conversation (0)
Tempest Minerals

Tempest Minerals

A diverse portfolio of projects in Western Australia that are prospective for precious, base and energy metals in addition to iron ore.

A diverse portfolio of projects in Western Australia that are prospective for precious, base and energy metals in addition to iron ore. Keep Reading...
Completion of Shortfall Offer

Completion of Shortfall Offer

Tempest Minerals (TEM:AU) has announced Completion of Shortfall OfferDownload the PDF here. Keep Reading...
Further Excellent Metallurgical Results From Remorse-Yalgoo

Further Excellent Metallurgical Results From Remorse-Yalgoo

Tempest Minerals (TEM:AU) has announced Further Excellent Metallurgical Results From Remorse-YalgooDownload the PDF here. Keep Reading...
Entitlement Offer Results

Entitlement Offer Results

Tempest Minerals (TEM:AU) has announced Entitlement Offer ResultsDownload the PDF here. Keep Reading...
Geochemical Sampling Extends Sanity Gold Anomalies - amended

Geochemical Sampling Extends Sanity Gold Anomalies - amended

Tempest Minerals (TEM:AU) has announced Geochemical Sampling Extends Sanity Gold Anomalies - amendedDownload the PDF here. Keep Reading...
Yalgoo - Geochemical Sampling Extends Sanity Gold Anomalies

Yalgoo - Geochemical Sampling Extends Sanity Gold Anomalies

Tempest Minerals (TEM:AU) has announced Yalgoo - Geochemical Sampling Extends Sanity Gold AnomaliesDownload the PDF here. Keep Reading...
Gold Runner Exploration

Gold Runner Exploration Completes 2026 Option Payment For Falcon Property Near Elko Nevada And Provides Update On Exploration Plans

Gold Runner Exploration Inc. (CSE: GRUN, Frankfurt: CE70) (“Gold Runner” or the “Company”) is pleased to announce that, further to the its news release dated January 15, 2026, the Company has paid the USD $100,000 option payment, due on or before April 30, 2026, to the Falcon Mine Group (“FMG”),... Keep Reading...
John Feneck, gold bars.

John Feneck: Gold, Silver, Stocks — 7 Weeks of Pain, What Comes Next?

John Feneck, portfolio manager and consultant at Feneck Consulting, weighs in on recent precious metals activity and how it's impacting gold and silver stocks.He emphasized that while company shares may be down, the long-term backdrop remains bullish. Don't forget to follow us @INN_Resource for... Keep Reading...
Panther Metals (LSE:PALM)

Winston Tailings Project: Batch 4 Assay Results

Panther Metals PLC (LSE: PALM), the exploration company focused on mineral projects in Canada, is very pleased to report the fourth batch ("Batch 4") of Vibracore sample assay results for the Winston Tailings Project near Schrieber, Ontario, Canada.The Vibracore tailings sampling is in support... Keep Reading...
Ecuadorian flag waving against a sunset backdrop with mountains silhouetted on the horizon.

Ecuador Inks US$1.7 Billion Deal with CMOC to Develop Los Cangrejos Gold Project

Ecuador has finalized a US$1.7 billion mining contract with China’s CMOC Group (OTCPL:CMCLF) to develop the Los Cangrejos gold deposit, according to a Reuters report.The agreement, signed with CMOC’s local subsidiary ODIN Mining del Ecuador, is expected to transform the site in the southwest of... Keep Reading...

Interactive Chart

Latest Press Releases

Related News