The SPP is offered at $0.017 and includes a 1 for 1 free attaching $0.04 option with a four year expiry from date of issue.
The offer will be open until the 29th September 2017.
Bruno Seneque, managing director, recently commented: "With drilling at Typhoon nearly finished, the Tyranna technical team will test their new approach to the geological model with drilling to continue at Greenewood.
"This is definitely an exciting time for Tyranna shareholders.
"We feel that we are now at a catalyst change in the development of this company and I look forward to updating our shareholders over the coming quarter."
The Typhoon gold prospect is located 35 kilometres from the operating Challenger Gold Mine, which is owned by Tyranna’s joint venture partner, WPG Resources (ASX:WPG).