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