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...
Brien Lundin, gold bars.

Brien Lundin: Gold, Silver Waiting for Next Leg, What's the Catalyst?

Brien Lundin, editor of Gold Newsletter and New Orleans Investment Conference host, shares his outlook for gold and silver as prices continue to consolidate. "At the end of this cycle, I've long predicted that we're going to get to a US$6,000 to US$8,000 (per ounce) price range, whenever that... Keep Reading...
Gold bars on a table in front of U.S. hundred dollar bills and stacked coins.

WGC: Investment Key Driver of Gold Demand in Q3 2025

Investor appetite for safe-haven assets resulted in a record quarter for gold demand in Q3 2025, according to the World Gold Council’s (WGC) latest report.The WGC published its Gold Demand Trends Q3 report on October 30, which clearly demonstrates that investor demand for gold is exploding as... Keep Reading...
Gold bars, coins, and cash with financial chart and green arrows in the background.

Gold Miners Ride Record Prices to Strong Q3 Results

Global gold producers reported robust third-quarter earnings on the back of record bullion prices. The yellow metal surged to its all-time high of US$4,379.13 on October 17, 2025, coming off the back of rising geopolitical and economic tensions that reignited safe-haven demand.The metal broke... Keep Reading...
LAURION Starts defining Gold Mineralization North and Northeast of the Brenbar Shaft, Highlighting 2.68 g/t Au over 1.05 m from 117.6 m to 118.65 m

LAURION Starts defining Gold Mineralization North and Northeast of the Brenbar Shaft, Highlighting 2.68 g/t Au over 1.05 m from 117.6 m to 118.65 m

(TheNewswire) Toronto, Ontario November 4, 2025 TheNewswire - Laurion Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) ("LAURION" or the "Corporation") is pleased to announce encouraging results from its 7,700-metre Summer 2025 drill exploration program at the 100%-owned Ishkõday Project,... Keep Reading...
Significant Gold Discoveries Continue at Golden Gate - Drilling Hits 253.0m @ 1.5 g/t Au from Surface and Open in all Directions Ending in Mineralisation

Significant Gold Discoveries Continue at Golden Gate - Drilling Hits 253.0m @ 1.5 g/t Au from Surface and Open in all Directions Ending in Mineralisation

Drilling Confirms Discovery Status at Horse Heaven’s Golden Gate Target with Three Consecutive Holes Ending in Mineralisation, Identifying the Large Intrusion-Related Gold System Only 16km from the Stibnite Gold Project (PPTA.NAS)

Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) (“Resolution” or “Company”) is pleased to report that its maiden drill program at its 100% owned Horse Heaven Gold-Antimony-Tungsten- Silver Project (“Horse Heaven” or the “Project”), Idaho, USA (Figure 1) has delivered additional broad intervals... Keep Reading...

Latest Press Releases

Related News