#Tamborans First Tranche Success Lays Foundation for Future Growth in Natural Gas Sector

#Tamborans First Tranche Success Lays Foundation for Future Growth in Natural Gas Sector

In a recent announcement, Tamboran Resources Corporation (NYSE: TBN, ASX: TBN) has successfully completed the first tranche of its private placement, a significant financial move that reflects the company's strategic initiatives in the natural gas sector. With the issuance of 2,180,515 shares of common stock, Tamboran is fortifying its financial foundation as it seeks to expand its operations and capitalize on burgeoning market opportunities. De…

Tamboran announces successful closing of First Tranche of PIPE

Highlights Tamboran Resource Corporation has closed the first tranche of its previously announced Private Investment Public Equity (PIPE) of Common Stock (First Tranche) to fund ongoing drilling activities to reach plateau production from the proposed SS Pilot Project. Tamboran expects to receive gross proceeds of approximately US$55.4 million upon closing of the second tranche of the PIPE (Second Tranche), before deducting placement agent fees…