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

March 3 (Reuters) - Talon Energy Ltd (TPD) :

• 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