CAPITAL MARKETS

Tasman backed by Chinese

TASMAN Resources is aiming to raise $2 million in working capital through a strategic share placement to China Railway International Trade Company and China Railway Investment Co, with the bulk of the equity going to fund a drill campaign at the company’s flagship Lake Torrens polymetallic project.

Ben Sharples
Tasman backed by Chinese

The placement will see 10 million shares issued at a price of 15c, along with 10 million options to acquire 20c shares, at an issue price of 5c. The Chinese investors are subsidiaries of China Railway...

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