By Sheri Kasprzak
Atlanta, March 10 - Tasman Resources NL said it has raised A$1.5 million in a private placement.
The company sold 10 million shares at A$0.15 each to China Railway International Trade Co. Ltd. and China Railway Investment Co. Ltd.
The deal also included options for 10 million shares at A$0.05 each, exercisable through Feb. 28, 2006.
Based in Perth, Western Australia, Tasman is a mineral exploration company.
| Issuer: | Tasman Resources NL
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| Issue: | Stock
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| Amount: | A$1.5 million
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| Shares: | 10 million
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| Price: | A$0.15
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| Options: | For 10 million shares
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| Options price: | A$0.05
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| Warrants: | No
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| Investors: | China Railway International Trade Co. Ltd. and China Railway Investment Co. Ltd.
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| Announcement date: | March 10
|
| Stock price: | A$0.17 at close March 10
|
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