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...
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold's Key Driver Now, Plus 2026 Catalysts to Watch

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, looks back on gold's performance in 2025 and forward to what could be coming in 2026. In his view, risk and uncertainty are key gold drivers that are likely to stay in place next year. Don’t forget to follow us... Keep Reading...
Panther Metals PLC (LSE:PALM)

Winston Tailings Project: Mineral Resource Drilling

Platinum Diamond Drilling Appointed for Mineral Resource Programme

Panther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to announce that Platinum Diamond Drilling Inc. ("Platinum") has been contracted to undertake the Mineral Resource focussed drilling programme at the Winston Tailings Project in Ontario,... Keep Reading...
Metals One (AIM: MET1)

Admission to Trading on the OTCQB Venture Market in the United States

Metals One (AIM: MET1), a critical and precious metals early-stage project developer and investor, is pleased to announce its Ordinary shares have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States and commenced trading on OTCQB on 10 November 2025 under the symbol... Keep Reading...
Modern conference room with a long table, leather chairs and abstract wall art.

Barrick Faces Activist Pressure After Elliott Takes Major Stake

Elliott Investment Management has reportedly taken a large stake in Barrick Mining (TSX:ABX,NYSE:B), the Financial Times reported on Tuesday (November 18), adding activist pressure to the gold producer, which is already dealing with escalating operational problems and a leadership shakeup.The... Keep Reading...

Latest Press Releases

Related News