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The latest announcement is out from Tasman Resources ( (AU:TAS) ).
Tasman Resources Ltd is conducting a renounceable pro-rata Rights Issue, offering approximately 184 million new shares at $0.02 each, with an option for every two new shares acquired. This initiative aims to raise up to $3.68 million, enhancing the company’s capital base. The offer is available to qualifying shareholders in Australia and New Zealand, with the new shares intended to be listed on the ASX. The options, however, will not be quoted. The rights issue is not underwritten, and the shares and options are considered speculative, carrying no guarantees on returns or future value.
More about Tasman Resources
Average Trading Volume: 254,748
Technical Sentiment Signal: Sell
Current Market Cap: A$3.7M
For detailed information about TAS stock, go to TipRanks’ Stock Analysis page.