TAS 0.00% 0.4¢ tasman resources ltd

Ann: CNJ: Placement Completion, page-3

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    CNJ has done a capital raise of 60mill units for 3cents giving a 1.8mill injection. Those that participated in the cap raise, for every 2 units they bought they are given a free option that have a converted price of 7cents.

    TAS has also requested to stump up another $750,000 of shareholders cash in the last TAS cap raise in hope to get 25mill extra units in CNJ to increase their holdings and also 12.5Mill options. Hasn’t been processed yet as it needs the CNJ shareholder approval first.

    So currently those 750k funds as still in the TAS coffers but are likely to be withdrawn.
 
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