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Tasman Resources Announces Share Issue for Debt Conversion

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Tasman Resources Announces Share Issue for Debt Conversion

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An announcement from Tasman Resources ( (AU:TAS) ) is now available.

Tasman Resources Ltd, an Australian company, has announced a share issue to convert outstanding director fees into equity, following shareholder approval. This move involves issuing over 23 million shares and 500,000 unlisted options, with the aim of consolidating debts and raising funds for its Parkinson Dam project. The entitlement offer is set to raise approximately $3.68 million, with normal trading of shares to commence on 14 May 2025.

More about Tasman Resources

Average Trading Volume: 5

Current Market Cap: A$2.5M

See more data about TAS stock on TipRanks’ Stock Analysis page.

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