Trans Tasman Resources issues new shares ahead of ironsands ruling

Tue, 08 Aug 2017

By Rebecca Howard Aug. 8 (BusinessDesk) - Trans Tasman Resources has issued new shares on the eve of a ruling on whether it can mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone in the South Taranaki Bight. Documents lodged with the Company's Office show TTR increased the company's shares by 9.5 percent, issuing 14,874 new shares. Of those, 13,357 were taken up by executive chairman Alan Eggers. TTR said the share increase was part of the company's funding agreement that's been in place for several years. T...

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