DGAP-News: Tantalus Rare Earths AG

DGAP-News: Tantalus Rare Earths AG: Legal Challenge against Resolution passed by the Extraordinary General Meeting

Tantalus Rare Earths AG / Key word(s): Legal Matter/AGM/EGM

28.06.2016 11:28

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.

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Tantalus Rare Earths AG: Legal Challenge against Resolution passed by the Extraordinary General Meeting

Grünwald, June 28, 2016 -Tantalus Rare Earths AG (Tantalus) announces the following:

As announced on April 14, 2016, Tantalus' Extraordinary General Meeting on 11 April 2016 approved the proposed sale of all shares in Tantalum Holding (Mauritius) Limited to the Singapore-based company Apphia Minerals SOF PTE. Ltd. Altogether 2,134,687 shares (corresponding to 62.73 % of the shares in Tantalus) were present and of these 2,133,145 (99.3%) voted in favor of approving the transaction.

Four shareholders holding together approx. 0.036 per cent of the shares in Tantalus have raised a legal challenge against the resolution passed by the Extraordinary General Meeting on 11 April 2016.

It is the firm understanding of the Company that the challenge by the said shareholders is without merit. Tantalus will respond to challenge in due course and will publish updates in the matter as appropriate.

About Tantalus Rare Earths AG

Tantalus Rare Earths AG (ISIN DE000A1MMFF4) is a Germany-based exploration company, engaged in the development of rare earths in Madagascar. Tantalus' shares are quoted on the 'Primärmarkt' of the Düsseldorf Stock Exchange.

For further information please contact: Thomas Hoyer, CEO, Tantalus Rare Earths AG Tel.: + 49 1512 4017229 Thomas.hoyer@tre-ag.com

Markus Kivimäki, EVP, Tantalus Rare Earths AG Tel.: +358 503495687 Markus.kivimaki@tre-ag.com

28.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

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