TAS tasman resources ltd

0.00%

1.6¢

Ann: Placement, page-8

First 8 Last

Share
Profile

Follow
nursery

19,195 Posts.

1024

04/08/15

20:38

Post #: 15750443
Share

Originally posted by MarkyBoy49 ↑

PLACEMENT

The directors are pleased to advise that they have agreed to place up to a further 7,000,000 fully paid ordinary shares (an increase of 2.23% over the previously issued shares) and 7,000,000 TASO options from the shortfall of the recent right issue, raising up to $567,000.

This placement was at an issue price of $0.081 per share (350% higher price than was offered to all shareholders under the recent non-renounceable pro-rata rights issue), with one free attaching TASO option per share to investors in accordance with section 708 of the Corporations Act 2001 (“the Act”).

This placement brings the total raised from the rights issue and subsequent placement of the shortfall to $1,667,060. Tasman reserved the right, in the prospectus dated 26 May 2015 (Prospectus) for the nonrenounceable pro-rata rights offer (Offer) made to shareholders of Tasman Resources Ltd (Tasman) who were on the register as at 5:00pm WST on 2 June 2015, to place any ordinary fully paid shares (Shares) and accompanying options, each to acquire 1 Share at an exercise price of $0.05 per Share at any time up to and including 31 March 2018 (Options), for which Tasman did not receive valid acceptances (Shortfall Securities) within three months after the closing date of the Offer at a price which is not less than the price at which the Shares (and accompanying Options) were offered under the Offer.

A commission of 5% of the value of the funds raised is payable to financial services licencees in respect of a portion of this placement raised by financial services licencees.

The funds raised will be used to fund the Company’s ongoing working capital requirements, and in particular to support the cash flow requirements of Eden Energy Ltd, of which Tasman 46.16% of the issued share capital.

Unless there is some sort of mistake, Greg Solomon has placed these shares at a very high price which is very good for TAS and EDE shareholders. This is another huge vote of confidence in EdenCrete by GS! Not only is this placement and the issue price very good news, it also takes a CR by EDE off the table for an additional 2-3 months. IMHO it is therefore very obvious that GS is trying to avoid another CR by EDE at all costs which should be applauded.

Cheers DYOR and GLTA!

Expand

If you allow for todays SP at 6.2c (down .4c since yesterday) and add todays option price of 4c
then you will see that the placement is discounted. Keep in mind that a free option was attached to each share.

TAS Price at posting: 6.2¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

AII

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

DRO

History repeats for DroneShield investors but carnage so far subdued

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $4.469M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	299217	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	70000	1

View Market Depth

No.	Vol.	Price($)
3	299217	0.015
2	544840	0.014
3	341932	0.013
3	266000	0.012
1	250083	0.011

Price($)	Vol.	No.
0.017	70000	1
0.018	1430	1
0.019	153043	2
0.020	712891	4
0.021	23850	1

Last trade - 16.21pm 18/07/2025 (20 minute delay)

TAS (ASX) Chart

Day chart unavailable

Ann: Placement, page-8

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

History repeats for DroneShield investors but carnage so far subdued

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Placement, page-8

Top Stories

A new NASDAQ listing for a key player in the global critical minerals space

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

History repeats for DroneShield investors but carnage so far subdued

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News