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TASMAN RESOURCES LTD — Capital/Financing Update 2019
Jan 21, 2019
65896_rns_2019-01-21_53e09513-186e-467a-8ab1-1785fb6c944a.pdf
Capital/Financing Update
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ACN 009 253 187
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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
22 JANUARY 2019
PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE
Tasman Resources Ltd ( Tasman ) is undertaking a non-renounceable pro-rata rights offer to Tasman shareholders to raise up to (if fully subscribed) approximately $2,473,671 (the Offer). The Offer is open to all Tasman shareholders who are on the register as at 5.00pm WST on 7 February 2019 (the Record Date ) and who have a registered address in Australia or New Zealand.
Under the Offer, Tasman will make an offer to all eligible shareholders of one (1) fully paid ordinary Tasman share for every ten (10) fully paid ordinary Tasman shares held as at the Record Date, at a price of $0.05 per share, together with one (1) free attaching Tasman option for every two shares issued under the Offer (each to acquire one fully paid ordinary Tasman share at an exercise price of $0.06 per share at any time up to and including 31 August 2020) .
The anticipated Timetable* for the Offer is as follows:
| Offer announcement | 22 January 2019 |
|---|---|
| Lodgement of disclosure document and Appendix 3B with ASX | 4 February 2019 |
| Notice sent to shareholders | 5 February 2019 |
| Ex date | 6 February 2019 |
| Record Date for determining entitlements | 7 February 2019 |
| Offer document despatched to eligible shareholders | 12 February 2019 |
| Closing date of the Offer | 22 February 2019 |
| Securities quoted on a deferred settlement basis | 25 February 2019 |
| Company notifies ASX of under subscriptions | 27 February 2019 |
| Issue date | 1 March 2019 |
The funds will be used to fund exploration, to support its investments in Conico Ltd and/or Eden Innovations Ltd and general working capital.
* - The above dates are indicative and subject to change
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Gregory H Solomon Chairman
Level 15, 197 St George’s Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.tasmanresources.com.au