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Tasman Resources raising funds for exploration in South Australia

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Tasman Resources (ASX:TAS) is raising $260,000 through the placement of a further 8,125,000 shares priced at $0.032 from the shortfall of the recent rights issue.

This includes 1 free attaching option per share exercisable at $0.05 each at any time up to and including 31st March 2018.

In June, the rights issue raised about $840,000 of the $1.4 million sought.

Proceeds will be used to continue with any further targeted mineral exploration programme at both its Vulcan project and its Parkinson Dam/Corrie Dam prospects in South Australia.



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Quick facts: Tasman Resources Ltd

Price: 0.036 AUD

ASX:TAS
Market: ASX
Market Cap: $21.05 m
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