Tantalus Rare Earths AG: Capital Increase
Tantalus Rare Earths AG: Capital Increase
* Additional capital increase has been executed in an amount of EUR 50,000.00 based on the Authorized Capital 2013
Grünwald, 15 April, 2014. The Management Board and the Supervisory Board have once again utilized the Authorized Capital 2013 pursuant to Sec. 4 para. 6 of the Articles of Association of Tantalus Rare Earths AG in an amount of up to EUR 50,000.00 against cash contribution. In total, 50,000 non par value name shares with a pro-rata amount of the registered shared capital of EUR 1.00 have been issued. The issuance price for the new shares amounts to EUR 20.00 per share. The new shares have been issued with the entitlement to dividends as from 1st January 2014.
Pursuant to Sec. 4 para. 6 lit. bb) of the Articles of Association, the Management Board and the Supervisory Board have resolved to exclude the subscription rights of the shareholders, because the issuance price of the new shares exceeds the market price of the shares already listed on the stock exchange and the utilization of the Authorized Capital, including the capital increase in an total amount of EUR 184,766.00 executed in January/February 2014, does not exceed the volume of 10% of the registered share capital, neither at the time of granting the authorization on 20th September 2013, nor at the time of registration of the authorization with the Commercial Register on 12th November 2013, nor at the time of the utilization of the Authorized Capital 2013.
The 50,000 new shares have been placed successfully and the capital increase based on the Authorized Capital 2013 has been executed in the total amount of EUR 50,000.00.
The registered share capital of Tantalus Rare Earths AG now amounts to EUR 2,834,136.00.
Board of Directors
About Tantalus Rare Earths AG:
TRE AG is a German holding company, which, through its subsidiary, holds a 100% interest in a rare earths exploration project in North West Madagascar. The shares of TRE AG are listed on the primary market of the Düsseldorf Stock Exchange.
Further inquiries:
Thomas Hoyer, CEO
Tel: 00 49 1512 401 7229
thomas.hoyer@tre-ag.com
Markus Kivimaki, EVP
Tel: 00 49 89 693 960 66
markus.kivimaki@tre-ag.com
End of Corporate News
