Tasman Metals (TSM-V) and Flinders Resources (FDR-V) Aug 18, '16 announce the results of Tasman's annual general and special meeting of shareholders held on Thursday, August 18, 2016. Tasman and Flinders are pleased to announce that the previously announced acquisition of all of the issued and outstanding common shares of Tasman by Flinders by way of plan of arrangement has been approved by the shareholders of Tasman.
At the Meeting, Tasman's shareholders voted overwhelmingly in favour of a special resolution to approve the Arrangement between Tasman, Flinders and Tasman's shareholders. The Arrangement remains subject to certain conditions including final acceptance from the TSX Venture Exchange and a final order of the Supreme Court of British Columbia (the "Court"). A court hearing for the final order to approve the Arrangement is scheduled to take place on August 23, 2016, or such other date as the Tasman directors may by resolutions decide.
Provided that all conditions to completion of the Arrangement are satisfied or waived, on the effective date of the Arrangement, each shareholder of Tasman will receive 0.5 of a Flinders share for each Tasman share held immediately prior to the effective date of the Arrangement, subject to the terms and conditions of the Arrangement.
In order to receive Flinders' shares, after completion of the Arrangement, former Tasman registered shareholders must surrender the certificates representing their Tasman shares together with a duly completed and executed letter of transmittal to Computershare Investor Services Inc. A letter of transmittal was mailed to Tasman registered shareholders with Tasman's information circular dated July 15, 2016, and is available on Tasman's website at http://www.tasmanmetals.com/s/AGM.asp and under Tasman's profile on SEDAR at www.sedar.com
In addition, at the Meeting, Messrs. Mark Saxon, Nick DeMare, Michael Hudson, David Henstridge and Robert Atkinson were elected to serve as directors of Tasman for the ensuring year. Shareholders of Tasman also voted to re-approve Tasman's 10% rolling stock option plan and approved the appointment of D+H Group LLP, Chartered Accountants, as the auditors of Tasman for the ensuing year and the authorization for the directors of Tasman to fix their remuneration.
Subsequent to the Meeting, Tasman's directors appointed Mr. Saxon as President and Chief Executive Officer, Mr. DeMare as Chief Financial Officer and Ms. Mariana Bermudez as Corporate Secretary of Tasman. Messrs. Atkinson, Henstridge and Hudson were appointed as members of Tasman's Audit Committee.
This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of the Board of Tasman Metals Ltd.,
"Mark Saxon"
Mark Saxon, President & CEO
Tasman Metals Ltd
Suite 1305 - 1090 West Georgia St.
Vancouver, British Colombia
V6E 3V7 Canada
Phone:
Tel: +1 (604) 685 9316
Fax: +1 (604) 683 1585
Mariana Bermudez, Corporate Secretary:
info@tasmanmetals.com | |
On behalf of the Board of Flinders Resources Ltd
"Blair Way"
Blair Way, President & CEO | |
