DGAP-News: Tantalus Rare Earths AG: Capital Increase

DGAP-News: Tantalus Rare Earths AG: Capital Increase

ID: 34274

(firmenpresse) - DGAP-News: Tantalus Rare Earths AG / Key word(s): Capital
Increase/Corporate Action
Tantalus Rare Earths AG: Capital Increase

31.05.2011 / 11:17

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Tantalus Rare Earths AG (Düsseldorf, 2011/05/31)

Capital Increase of Tantalus Rare Earths AG

Düsseldorf, 31.05.2011 - The board of directors of Tantalus Rare Earths AG
passed a resolution with the approval of the supervisory board on April
11th 2011, that the share capital of the company of currently 2.174.719
EUR, which is divided in 2.174.719 ordinary bearer shares with a nominal
share value of 1,00 EUR, will be raised by up to 200.000 EUR to 2.374.719
EUR by cash deposit. The issue price per share is 1,00 EUR, plus an
upcharge of 24,00 EUR, this means 25,00 EUR in total per share.

The capital increase of 176.247,00 EUR through the issue of 176.247 new
ordinary bearer shares was approved by the commercial court on 23 May 2011.

The increase of the capital was registered with the commercial register on
May 23rd 2011. The share capital of the company was raised to 2.350.966,00
EUR divided in 2.350.966 ordinary bearer shares.

The funds of the capital increase will be used to finance the exploration
work of its subsidiary, Tantalum Rare Earths SARL.

About Tantalus Rare Earths AG

Tantalus Rare Earths AG is an exploration company currently exploring the
large near surface rare earths occurrence in north-western Madagascar.
Administratively, Tantalus Rare Earths AG is located in Düsseldorf,
Germany.

Tantalus Rare Earths AG

Berliner Allee 12

40212 Düsseldorf

Germany

Phone: +49 (0)211 52391 430

Fax: +49 (0)211 52391 510

e-Mail: contact(at)tre-ag.com

Internet: http://www.tre-ag.com/





End of Corporate News

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31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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126909 31.05.2011

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Bereitgestellt von Benutzer: EquityStory
Datum: 31.05.2011 - 11:17 Uhr
Sprache: Deutsch
News-ID 34274
Anzahl Zeichen: 0

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Kategorie:

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