EANS-News: Tantalus Rare Earths AG
Covertible Bond Placement 2012
2016
4.7Mio Euro
28.11.2012 – 11:39
-------------------------------------------------------------------------------- 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 "Bonds"). 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 Madagascar. The shares of TRE AG are listed on the Open Market of the Frankfurt Stock Exchange. Contact: 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 indexes: stockmarkets: Open Market: Frankfurt language: English