Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tasman Resources ( (AU:TAS) ) just unveiled an update.
Tasman Resources Ltd has announced a renounceable pro-rata rights issue, offering new shares to its shareholders in Australia and New Zealand. The initiative aims to raise approximately $1,997,550 to fund a drilling program at the Parkinson Dam prospect and support general working capital. Non-qualifying foreign shareholders will have their rights sold by a nominee, with proceeds distributed after costs. The offer is not underwritten, and additional shares may be available through a shortfall offer if not all shares are taken up.
More about Tasman Resources
Tasman Resources Ltd is a company involved in the resource exploration industry, focusing on projects such as the Parkinson Dam prospect in South Australia. The company is primarily engaged in the exploration and development of mineral resources, aiming to enhance its market position through strategic drilling programs.
Average Trading Volume: 191,125
Technical Sentiment Signal: Sell
Current Market Cap: A$3.5M
For an in-depth examination of TAS stock, go to TipRanks’ Stock Analysis page.