Overview of Tasman Resources Ltd's Pro-Rata Non-Renounceable Rights Offer

Tasman Resources Ltd (ASX: $TAS) has announced its intention to undertake a non-renounceable pro-rata rights offer to Tasman shareholders, aiming to raise up to approximately $2,850,677. The offer will be open to all eligible shareholders on the register as at 5:00pm WST on 3 July 2024, with a registered address in Australia or New Zealand. Shareholders will be offered one fully paid ordinary Tasman share for every one held at the Record Date, at a price of $0.004 per share.

Executive Commentary on Rights Offer

Tasman Resources Ltd's Executive Chairman, Gregory H. Solomon, stated, 'The funds raised through this rights offer will be utilized to cover the costs of the issue, support further exploration of the company's Parkinson Dam tenement, and contribute to general working capital. Additionally, two of Tasman's directors, Greg Solomon and Doug Solomon, intend to take up their entitlements under this rights issue, utilizing a portion of the amount they have each lent to the Company to pay for their new shares, thereby reducing the debt owed by the Company.'

Summary of Tasman Resources Ltd's Rights Offer Announcement

Tasman Resources Ltd (ASX: $TAS) has unveiled its plan to raise approximately $2,850,677 through a non-renounceable pro-rata rights offer to its shareholders in Australia and New Zealand. The funds raised will be allocated towards covering the costs of the issue, supporting further exploration of the company's Parkinson Dam tenement, and contributing to general working capital. The company's Executive Chairman, Gregory H. Solomon, highlighted the intention of two directors to take up their entitlements under this rights issue, utilizing a portion of the amount they have each lent to the Company to pay for their new shares, thereby reducing the debt owed by the Company. The offer is not underwritten, and the anticipated timetable for the offer is subject to change. Shareholders are encouraged to refer to the official announcement for detailed information and updates regarding the rights offer.