Tantalus Rare Earths AG

EANS-News: Tantalus Rare Earths AG
Covertible Bond Placement 2012
2016 4.7Mio Euro

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

Capital measures/Capital measures/Placement Convertible Bond 2012 / 2016

Gruenwald (euro adhoc) - Munich 28 November 2012: Tantalus Rare Earths AG
("TRE"), (WKN: A1MMFF, ISIN: DE000A1MMFF4), the explorer and developer of a
large near surface rare earths project in north western Madagascar, is pleased
to announce, under exclusion of subscription right's, the placement of 4.7
million euros of convertible bonds (ISIN: DE000A1R0VG7 WKN: A1R0VG) (the

The term of the Bonds commences on 1 December 2012 and ends on 31 August 2016. A
total of 235,000 bearer bonds were subscribed at a price of 20.00 euros for
gross proceeds of approximately 4.7 million euros. 

The Bonds convert to shares in TRE at 20.00 euros per bearer bond (conversion
ratio of 1:1). TRE will pay interest of 3.00% on the Bonds until 30 August 2013,
and 1% interest from 31 August 2013 until maturity. Interest is paid annually,
subject to conversion. The conversion and paying agent for the Bonds is Bank
Martin. If the bondholder elects not to convert to shares, the repayment at
maturity is 100 % of the face value of the Bonds.

TRE AG will use the net proceeds of the Bonds to accelerate the exploration and
development of the Tantalus rare earths deposit, as well as commencing the
environmental and social impact studies required ahead of mine development. 

Juergen Schillinger, CEO of TRE AG, said: "With the issuance of the Notes, we
have succeeded in obtaining the capital required for expanding our operations.
While we are pleased with this capital raising, we will still consider all
options to further improve our financial strength."

Company Profile TRE AG

Tantalus Rare Earths AG ("TRE AG") is engaged in the exploration and development
of the very large near surface Tantalus rare earths project in northern

The shares of TRE AG are listed on the Open Market of the Frankfurt Stock


Juergen Schillinger
Tantalus Rare Earths AG
Northern Münchner Str 16
82031 Gruenwald / Germany
Tel: +49 66 89963960

Further inquiry note:
For more information, please contact:

Juergen Schillinger, chief executive officer
Tel: +49 (0) 89 693 960 66
Email: schillinger@tre-ag.com

David Rigoll, Director
Tel: +44 7500 068555
Email: rigoll@tre-ag.com

Paul Weigh
Blythe Weigh Communications
Tel: +44 (0) 20 71383204
or +44 (0) 7989 129658

end of announcement                               euro adhoc 

company:     Tantalus Rare Earths AG
             Nördliche Münchner Str.  16
             D-82031 Grünwald
phone:       +49 (0)89 693 960 66
FAX:         +49 (0)89 693 960 68
mail:     contact@tre-ag.com
WWW:      http://www.tre-ag.com
sector:      Holding companies
ISIN:        DE000A1MMFF4
stockmarkets: Open Market: Frankfurt 
language:   English

Weitere Meldungen: Tantalus Rare Earths AG

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