Tasman Shareholders Approve Arrangement with Flinders Resources

Vancouver, Canada – Tasman Metals Ltd. (“Tasman”) (TSXV:TSM) (Frankfurt:T61) (OTCQB: TASIF) and Flinders Resources Limited (TSXV:FDR) announce the results of Tasman’s annual general and special meeting of shareholders held on Thursday, August 18, 2016 (the “Meeting”). 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 (the “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.
Connect with Flinders Resources Limited (TSXV:FDR) to recieve an Investor Presentation.