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Tasman Resources Announces Rights Issue to Fund Drilling Program

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Tasman Resources Announces Rights Issue to Fund Drilling Program

Confident Investing Starts Here:

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.

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