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...
High-Grade Extensions at BD Deposits for Resource Growth

High-Grade Extensions at BD Deposits for Resource Growth

Aurum Resources (AUE:AU) has announced High-Grade Extensions at BD Deposits for Resource GrowthDownload the PDF here. Keep Reading...
Silver bars and coins stacked with gold coins on a reflective surface.

Precious Metals Price Update: Gold, Silver, PGMs Stage Recovery After Crash

It's been a wild week of ups and downs for precious metals prices.Gold, silver and platinum have already recorded new all-time highs in 2026. But this week, the rally reversed course — only briefly, but in a big way, as is the case with such highly volatile markets.Let’s take a look at what got... Keep Reading...
Centurion Minerals (TSXV:CTN)

Centurion Minerals Ltd. Announces Revocation of MCTO

CENTURION MINERALS LTD. (TSXV: CTN) ("Centurion" or the "Company") announces that the British Columbia Securities Commission ("BCSC") has revoked the management cease trade order ("MCTO") previously issued on December 1, 2025 under National Policy 12-203 - Management Cease Trade Orders.The... Keep Reading...
Digital bull on a rising stock chart, symbolizing a bullish market trend.

Fabi Lara: What to Do When Commodities Prices Go Parabolic

Speaking against a backdrop of record-high gold and silver prices, Fabi Lara, creator of the Next Big Rush, delivered a timely reality check at this year’s Vancouver Resource Investment Conference. Addressing a packed room that included a noticeable influx of first-time attendees, she urged... Keep Reading...
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold Price Drop — Why it Happened, What's Next

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, breaks down gold's record-setting run past US$5,500 per ounce as well as its correction. "At the end of this, you're looking at a lot of people who were pushing the price higher — speculative in nature — pulling back... Keep Reading...
Stock ticker display showing "mergers and acquisitions" text in pixelated font.

Gold-Copper Consolidation Continues as Eldorado Moves to Acquire Foran

Eldorado Gold (TSX:ELD,NYSE:EGO) and Foran Mining (TSX:FOM,OTCQX:FMCXF) have agreed to combine in a share-based transaction that will create a larger, diversified gold and copper producer with two major development projects that are set to enter production in 2026.Following completion under a... Keep Reading...

Interactive Chart

Latest Press Releases

Related News