TAS 25.0% 0.5¢ tasman resources ltd

Ann: EDEO Option Exercise, page-2

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    ACN 009 253 187
    AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 30 JULY 2018
    EXERCISE OF EDEN INNOVATIONS LTD OPTIONS (“EDEO”)

    Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd (“Noble”), has exercised 60,000,000 EDEO options (being a portion of its previous holding of 73,856,779 EDEO options) at a cost of $1,800,000. This exercise increased its shareholding in Eden Innovations Ltd (“Eden”) to 580,698,298 fully paid shares, representing 40.22% of the total issued capital of Eden. Noble still holds 13,856,779 EDEO options. EDEO options are exercisable at 3 cents each and expire on 30 September 2018. Following this exercise, Tasman has a current cash balance of approximately $302,000. Tasman is currently finalising and intends announcing later this week, a pro-rata non-renounceable rights issue to Tasman shareholders to raise further funds.

    Aaron Gates
    Company Secretary
 
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