Tantalus Rare Earths AG

EANS-News: Tantalus Rare Earths AG
Tantalus Rare Earths AG plans capital increase of up to EUR 10.5 million as BaFin approves prospectus

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Capital measures/Financing, Stock Offerings (IPO)/Prospectus approved 

Grünwald (euro adhoc) - Tantalus Rare Earths AG plans capital increase of up to
EUR 10.5 million as BaFin approves prospectus

- Prospectus approved by BaFin
- Cash capital increase with subscription rights by issuing up to 350,000 new
shares
- Publication of the prospectus provides transparency
- Specifications met for the primary market listings of Dusseldorf Stock
Exchange

Gruenwald, 28 March 2013 - Tantalus Rare Earths AG (TRE AG) announces the
approval of its prospectus (submitted on 27 of March 2013) in relation to the
existing company with its 2,350,966 shares (DE000A1TNXS3, WKN A1TNXS ISIN) by
the German Federal Financial Supervisory Authority (BaFin) together with the
right to issue up to a maximum of 350,000 new shares (ISIN DE000A1MMFF4, WKN
A1MMFF).

The Company intends to raise a total of EUR10.5m by way of a capital increase
against cash contributions with subscription rights. For this purpose, up to
350,000 new no-par bearer shares will be issued. The capital increase was
approved by the Executive Board and Supervisory Board of TRE AG based on the
resolution passed at the General Meeting of 31 August 2011.

The new shares will be offered to the shareholders of the Company by Schnigge
Wertpapierhandelsbank AG, Duesseldorf ("Schnigge") in a ratio of 6:1. The
subscription price is not fixed yet, but will be fixed no later than five days
before the subscription trading period ends, which is expected to be on the 17
April 2013. The subscription price will be published on the website of TRE AG
(www.tre-ag.com) as well as by way of a corporate news release. The subscription
price is expected to be between EUR20 and EUR30 per new share. Unsubscribed
shares will be placed directly after the end of the subscription period and by
way of private placement.

Bankhaus Gebr Martin AG, 73033 Göppingen will deal with the technical aspects of
the subscription rights for new shares on behalf of Schnigge. No stock exchange
trading in subscription rights will take place.

The Company expects capital gross proceeds of between 7.0 and 10.5 million
euros. The Company intends to use the net proceeds from the offering as working
capital of the Tantalus group, ie to invest in the exploration activities in the
Tantalus project in Madagascar.

More details can be found in the prospectus (which is currently only in German)
on the website of the Company (www.tre-ag.com) in the "Investors Relations /
Reports" section.

Publication of the prospectus provides the shareholders and potential investors
of TRE AG with greater transparency, and accordingly access to additional
capital. At the same time it provides its shareholders and all other interested
investors with an objective information base.

The prospectus is also used to fulfill the requirements that enable the Company
to continue to trade its shares in the primary market of the Düsseldorf Stock
Exchange as it committed to do (see press release of December 4, 2012).

CEO Jürgen Schillinger: "With the approval of our prospectus, the Company is
unconditionally listed on the primary market of the Dusseldorf Stock Exchange;
at the same time we have gained access to a new group of investors and other
financing options. The completion of the prospectus is an important step for the
Company as it represents a new level of transparency. As previously announced,
TRE AG intends shortly to request a change to the regulated market.

About Tantatalus 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 Dusseldorf Stock
Exchange.

Disclaimer:
This announcement is neither an offer to sell nor an invitation to subscribe for
securities. This notice does not constitute a securities prospectus. This notice
and the information contained within is not intended for direct or indirect
distribution within the United States of America, Japan or Canada and certainly
not to any U.S. person as defined in Regulation S under the U.S. Securities Act
(the "Securities Act") of 1933, as amended.


Further inquiry note:
Juergen Schillinger, Chief Executive Officier
Tel: +49 (0) 89 693 960 66
Mobil: +49 (0) 151 115 489 06
Email: schillinger@tre-ag.com
www.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
oder   +44 (0) 7989 129658

end of announcement                               euro adhoc 
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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:      www.tre-ag.com
sector:      Holding companies
ISIN:        DE000A1MMFF4
indexes:     
stockmarkets: free trade: Düsseldorf 
language:   English
 



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