The non-renounceable pro-rata rights offer (Offer) made to shareholders of Tasman Resources Ltd (Tasman) who were on the register as at 5:00pm WST on 10 July 2020 pursuant to an offer document dated 6 July 2020 (Offer Document) closed on 31 July 2020 significantly oversubscribed, receiving applications for $2,592,755, being $1,119,266 over subscribed.

The above figures are subject to none of the proceeds received by cheque being dishonoured between the time of this announcement and the allotment and issue of the New Shares.

Shortfall applications will be scaled back in accordance with Section 2.13.1 of the Offer Document and any excess application monies will be return to investors.

In addition Tasman has completed a placement of 4,000,000 New Shares at $0.028 to an investor, with 2,000,000 free attaching New Options (on the same terms as the Offer) (the Placement), to raise an additional $112,000.

Accordingly upon completion of issuing of the New Shares and New Options, the total amount raised will be $1,585,489 (before the payment of the expenses of the issue).

Contact:

Aaron Gates

Tel: +618 9282 5889

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