Australia's Tasman Resources rises as Eden Innovations receives U.S. patent, financing

Sachem Capital

24/01/2020 03:26

** Diversified miner Tasman Resources Ltd  TAS.AX  climbs as
much as 4.4% to A$0.048, its highest since Jan 17
    ** Cement mix maker Eden Innovations Ltd  EDE.AX , in which
Tasman https://www.asx.com.au/asxpdf/20200124/pdf/44dhb1px1cdj46.pdf
 holds a 36.24% interest, received U.S. patent for its 
EdenCrete and EdenPlast family of products
    ** Eden also secures a $1.85 mln debt financing from
U.S.-based real estate financing co Sachem Capital Corp  SACH.A 
to be used for increasing sales of its EdenCrete range of
products 
    ** Eden's stock hits more than one-week high, with a trading
volume about twice its 30-day avg
    ** More than 788,150 Tasman shares change hands, compared
with the 30-day average volume of about 167,800 shares
    ** Tasman stock up 12.2% this year, as of last close,
compared with Eden's near 13% climb

 (Reporting by Nikhil Subba in Bengaluru)
 ((Reuters Messaging:
Nikhil.Subba.thomsonreuters.com@reuters.net))