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Tasman Resources ( (AU:TAS) ) has provided an announcement.
Tasman Resources Ltd has announced a $2 million share placement to institutional and sophisticated investors to fund a high-impact drilling program at Parkinson Dam and assess new project opportunities. The company is also undergoing board changes with the appointment of Louis Varrasso as a non-executive director, aligning with its strategic focus on expanding exploration projects in Australia and the USA. The placement aims to strengthen Tasman’s market position and support its major shareholding in Eden Innovations Ltd, while the board changes are expected to bring in valuable corporate finance expertise.
More about Tasman Resources
Tasman Resources Ltd is a company operating in the resource sector, focusing on exploration and development of projects that are prospective for gold, silver, copper, and base metals. The company is actively seeking to diversify its portfolio with new project opportunities, particularly in domestic jurisdictions and the USA, to enhance shareholder value.
Average Trading Volume: 84,525
Technical Sentiment Signal: Sell
Current Market Cap: A$4.47M
For a thorough assessment of TAS stock, go to TipRanks’ Stock Analysis page.