Tasman Resources Limited (ASX:TAS) Announces Eden Innovations’ Property Sale and Financing Extension
Property Sale Update
Eden Real Estate LLC and JB2 Partners LLC have agreed, subject to a binding agreement, to amend the sale contract for the 65.58-acre industrial property in Augusta, Georgia, USA, selling for US$5 million (A$7.494 million). The amendment allows the Purchaser to extend the Inspection Period for up to twelve additional 30-day periods in return for an Extension Fee.
Financing Facility Extension
Eden Innovations LLC and iBorrow have agreed in principle, subject to a binding agreement, to extend the iBorrow Financing Facility until 15 January 2026, previously extended until 7 February 2025. Tasman, through its subsidiary Noble Energy Pty Ltd, holds approximately 33.9% of Eden’s total shares. Tasman welcomes the extension, facilitating Eden’s ongoing US property sales to realise value for all shareholders.
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