Brief: Talon Energy Receives Firm Commitments For A$14 Mln Capital Raising

Talon Energy

03/03/2023 05:25

March 3 (Reuters) - Talon Energy Ltd  TPD.AX :
    * FIRM COMMITMENTS FOR A$14MLN CAPITAL RAISING
    * A$12M COMMITTED THROUGH STRONGLY SUPPORTED SHARE PLACEMENT
    * SHARE PURCHASE PLAN TARGETING UP TO A$2.0M TO BE OFFERED
TO
ELIGIBLE SHAREHOLDERS
    * PLACEMENT AND SPP AT ISSUE PRICE OF A$0.145 PER SHARE
    * COMMENCED STRATEGIC REVIEW TO DETERMINE HOW TO OPTIMISE
VALUE OF
ITS 33% INTEREST IN GURVANTES XXXV PROJECT
    * RECEIVED APPROACHES FROM NUMEROUS PARTIES EXPRESSING
INTEREST IN
GURVANTES XXXV CSG
    * PROCEEDS USED FOR TALON'S SHARE OF FINAL DEVELOPMENT
CAPITAL &
OPERATING COSTS FOR WALYERING GAS PROJECT, AMONG OTHERS
    * OPTIMISATION OPTIONS COULD INCLUDE DE-MERGER OR OTHER
ALTERNATIVE TRANSACTION STRUCTURES

Source text for Eikon:  ID:nASX1Y2TRC 
Further company coverage:  TPD.AX 

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