Tasman Resources Ltd ( (AU:TAS) ) has shared an update.
Tasman Resources Ltd announced a corporate restructuring and capital raising initiative to fund a drilling program at its Parkinson Dam prospect. The plan includes a shareholder entitlement offer to raise approximately $3.68 million and a debt conversion strategy to improve the company’s financial structure. This move aims to enhance Tasman’s operational capabilities and strengthen its market position by reducing debt and securing funds for exploration activities.
More about Tasman Resources Ltd
Tasman Resources Ltd is an Australian company involved in the mining and exploration sector, focusing on the development of its 100% owned Parkinson Dam prospect in South Australia.
YTD Price Performance: 30.0%
Average Trading Volume: 2,000
Technical Sentiment Signal: Buy
Current Market Cap: $2.03M
Find detailed analytics on TAS stock on TipRanks’ Stock Analysis page.