Tamboran Resources raises ~$7.4M by partially exercising IPO over-allotment option

Tamboran Resources Corp

Underwriters partially exercised option to buy 308,750 shares at $24.00/share.
Gross proceeds ~$7.4 million; closing expected July 30, 2024.
Proceeds to fund drilling for proposed Shenandoah South Pilot Project in Beetaloo Basin.
Over-allotment option granted in Tamboran's IPO of 3,125,000 shares at $24.00/share.

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