Tempest Minerals

Rights Issue Offer Results

Tempest Minerals Ltd (TEM) (“Tempest” or the “Company”) is pleased to advise the completion of the pro-rata non-renounceable Entitlement offer (Offer). The Offer comprised one fully paid ordinary share (“New Shares”) in the Company for every five (5) fully paid ordinary shares held at an issue price of $0.008 per New Share.


The Company advises that it received applications for a total of 24,251,886 shares, amounting to $194,015. This comprised applications for:

  • 17,662,016 Entitlement shares; and
  • 6,589,870 Additional Shares (oversubscriptions).

The New Shares are expected to be issued on Friday 12 July 2024, in accordance with the timetable outlined in the ASX announcement dated 17 June 2024.

The resulting shortfall from the Offer is 79,573,471 shares, which represents a take-up from eligible shareholders of approximately 23.36%.

Tempest would like to thank all shareholders for their support and are excited to further progress our exploration at our Western Australian projects including our upcoming drilling at the Remorse Target.

Under the terms of the Offer Issue as outlined in section 1.11 of the Rights Issue Offer Document, the Directors may allocate the shortfall at their discretion within 3 months of the closing date of the Offer. Following this notification, various parties who have previously expressed potential interest in taking up the shortfall will be approached.


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...
Text reads "Weekly Editor’s Picks," over gold bars and silver bars with a large green upward arrow.

Editor's Picks: Gold, Silver Bounce Back After Warsh Scare, Oil Prices Break US$90

The gold price is in recovery mode after last week's speech from US Federal Reserve Chair Kevin Warsh ate away at its end-of-summer gains.The yellow metal slipped briefly below the US$4,300 per ounce level on Tuesday (September 1), but then bounced back, nearly touching US$4,500.Silver was also... Keep Reading...
Aurum Resources (ASX:AUE)

Aurum Adds More High-Grade Gold at Boundiali’s BST1 Deposit

Aurum Resources (ASX: AUE, “Aurum” or “the Company”) is pleased to announce the latest gold intercepts from an ongoing 100,000m diamond drilling program at its 3.22Moz Boundiali Gold Project1 in Côte d'Ivoire. Aurum received assay results from 22 diamond drill (DD) holes at the BST1 deposit,... Keep Reading...
Adam Rozencwajg, gold bars.

Adam Rozencwajg: Oil's Silent Squeeze, Plus When I'll Buy Gold Stocks Again

Adam Rozencwajg, managing partner at Goehring & Rozencwajg, shares his thoughts on the oil market, explaining why the Iran war hasn't been as disruptive as many initially expected. In his view, a developing bottleneck in refining could be the catalyst that ramps up pressure. "Where do prices go... Keep Reading...
Gold bars rest on scattered US dollar bills.

Gold Futures Rally as US-Iran Escalation Drives Bid

Gold futures rallied early on Thursday (September 3), driven by a concrete military escalation between the US and Iran in the Strait of Hormuz that temporarily overrode macroeconomic headwinds.December gold futures opened at US$4,436.40 per ounce, up 0.5 percent from Wednesday's (September 2)... Keep Reading...
One kilogram gold bars spilling out of safe in central bank vault.

Dutch Authorities Move US$11 Billion Gold Stockpile to London

De Nederlandsche Bank (DNB) has shifted more than 10 billion euros (approximately US$11.6 billion) of its gold reserves out of North America and into London and the Netherlands.Between March and August 2026, the Dutch central bank transferred approximately 86 tons of gold from storage facilities... Keep Reading...

Interactive Chart

Latest Press Releases

Related News