Flinders and Tasman Announce Closing of the Arrangement; Name Change to Leading Edge Materials Corp.

VANCOUVER, BRITISH COLUMBIA, Aug 25, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug 25, 2016) – Tasman Metals Ltd. (“Tasman”) (TSM)(frankfurt:T61)(otcqb:TASIF) and Flinders Resources Limited (TSXV:FDR) announce the closing of the previously announced plan of arrangement (the “Arrangement”) pursuant to which Flinders has acquired all of the issued and outstanding shares of Tasman effective on Thursday, August 25, 2016 (the “Effective Date”). The Arrangement was approved by Tasman shareholders on August 18, 2016 and by the Supreme Court of British Columbia on August 23, 2016.
With the completion of the Arrangement, Tasman’s shares will be delisted at the close of business on August 25, 2016.
As at the Effective Date, each Tasman shareholder is entitled to receive 0.5 of one Flinders common share for each share of Tasman held immediately prior to the Effective Date, subject to adjustments. In order to receive Flinders shares, 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. The Letter of Transmittal was mailed to Tasman shareholders with Tasman’s management information circular dated July 15, 2016 and is available under Tasman’s profile on SEDAR at https://www.sedar.com. The Letter of Transmittal is for use by registered shareholders only and is not to be used by beneficial holders of Tasman shares (“Beneficial Shareholders”). A Beneficial Shareholder does not hold shares in its name but such shares are held by an intermediary such as a brokerage firm, or clearing agency such as CDS. If you are a Beneficial Shareholder, your intermediary will submit the required documentation in order to receive Flinders shares.
In connection with the Arrangement, Mr. Mark Saxon resigned as President and Chief Executive Officer of Tasman. Messrs. David Henstridge and Robert Atkinson resigned as directors of Tasman. In addition, Mr. Atkinson also resigned as director of Flinders. The Board of Flinders is now comprised of Messrs. Blair Way, Nick DeMare, Michael Hudson and Mark Saxon.
Blair Way, President and CEO, stated: “We wish to thank Mark for his dedication and efforts during his tenure as President and CEO of Tasman and for his involvement in closing of the Arrangement. We look forward to continuing to work with Mark in his capacity as independent director of Flinders. We also wish to acknowledge and thank Messrs. Henstridge and Atkinson for their dedication and contributions during their tenure as directors and wish them all the best in their future endeavours.”
Flinders also announces that effective August 25, 2016, Flinders has changed its name to “Leading Edge Materials Corp.”. The name change was approved by Flinders’ Board, in accordance with its Articles, and has been approved by the TSX Venture Exchange (“TSXV”). At the opening of trading on August 26, 2016, Flinders common shares will commence trading on the TSXV under its new name “Leading Edge Materials Corp.” and new trading symbol “LEM”.
Connect with Flinders Resources Limited (TSXV:FDR) to receive an Investor Presentation.