DGAP-News: Tantalus Rare Earths AG: Convertible bond converted in shares
(firmenpresse) - DGAP-News: Tantalus Rare Earths AG / Key word(s): Capital Increase
Tantalus Rare Earths AG: Convertible bond converted in shares
27.08.2013 / 09:00
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Tantalus Rare Earths AG: Convertible bond converted in shares
* Convertible bonds with a total volume of EUR 4.7 million has been
converted
* Issuance of 235,000 new shares
Grünwald, 27 August 2013. Rights for the conversion into 235,000 name
shares have been exercised in mid-August 2013 with regard to the
3%-Convertible Bond 2012/2016 (ISIN DE000A1R0VG7) issued by Tantalus Rare
Earths AG in a total volume of EUR 4.7 million and divided into 235,000 non
par-value bearer bonds at EUR 20.00 each.
The issued new shares are entitled to participate in profits as of the
beginning of the financial year 2013, otherwise those shares are equal in
form and arrangement to the name shares of Tantalus Rare Earths AG traded
in the Entry Standard of Frankfurt Stock Exchange.
By conversion of the bonds into 235,000 new shares the number of shares of
Tantalus Rare Earths AG increases to 2,599,370.
CEO Mr. Thomas Hoyer comments: We are very pleased by the decision of our
convertible bond owners to convert the debt that they are holding into
Tantalus shares. This is a great sign of confidence towards the Company and
towards the prospects of the Tantalus shares. After the conversion Tantalus
is in practice debt free.
Tantalus Rare Earths AG
Board of Directors
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.
Further inquiries:
Thomas Hoyer, CEO
Tel: 00 49 1512 401 7229
Thomas.hoyer(at)tre-ag.com
End of Corporate News
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27.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Media archive at www.dgap-medientreff.de and www.dgap.de
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227450 27.08.2013
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Datum: 27.08.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 291067
Anzahl Zeichen: 3860
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Kategorie:
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