ACN 009 253 187
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
19 JANUARY 2017 EDEN INNOVATIONS LTD
COLORADO PRODUCTION EXPANSION UPDATE
Please see attached ASX Announcement by Eden Innovations Ltd (ASX: EDE) for further details.
Background
Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 493,198,298 fully paid shares in Eden (representing 39.28% of the total issued capital of Eden) and 101,356,779 EDEO options (representing 47.58% of the issued EDEO options). This equates to 1.29 EDE shares and
0.27 EDEO options held for every Tasman share issued.
Based on the last traded prices on the ASX of EDE ($0.24) and EDEO ($0.205) on 18 January 2017, this investment had a market value of $139 million, which is equivalent to 36.5 cents for every currently issued TAS share.
Aaron Gates Company Secretary
Level 15, 197 St George's Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
Email: mailroom@tasmanresources.com.au
ACN 109 200 900
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 19 January 2017 EDENCRETETM COLORADO PRODUCTION EXPANSION PROGRESS The two new large scale carbon nanotube (CNT) production reactors were delivered on 17 January 2017, and were set in place in the building in preparation for installation and commissioning which is scheduled to be completed by the end of March 2017 or early in April 2017 (see Figures 1 and 2 below).These reactors, which are far larger than the two existing reactors, operating 24 hours per day, are intended to be able to produce sufficient carbon nanotubes for between 2 million and 2.4 million gallons of EdenCreteTM per year.
Figure 1. Reactor Being Lifted Off Low Loader.
Eden Innovations Ltd | Telephone +61 8 9282 5889
Level 15, 197 St George's Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com
Figure 2. Two Reactors In Place Awaiting Installation.
BACKGROUND
EdenCreteTM is Eden's 100% owned, proprietary carbon-strengthened concrete additive, one of the primary target markets for which is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure. Additionally, it has potential for use in a range of other concrete applications including high-rise building construction, marine and coastal applications, water storage and pipelines, and pre-fabricated concrete structures and products.
Gregory H. Solomon
Executive Chairman
2
Tasman Resources Ltd. published this content on 19 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 02:20:05 UTC.
Original documenthttp://www.tasmanresources.com.au/announcements/a747a156201c1aa19a84b641b2aa12d7.pdf
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