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December 12, 2013
08:04 EDTTASTasman Metals, Flinders announce merger negotiations
Tasman Metals and Flinders Resources announced they have initiated preliminary negotiations with regard to a potential merger of the two companies. Under the terms being considered, Tasman may acquire all of the outstanding common shares of Flinders for consideration of common shares of Tasman based on a yet to be determined share exchange ratio. The Boards of Tasman and Flinders believe the project portfolios of the two companies to be complementary, with both companies focussed on the supply of critical materials to traditional and high growth sectors of European industry. Tasman's primary focus is the Norra rare earth element deposit in central-southern Sweden, with additional work underway on a nearby tungsten project. Flinders is developing the Woxna flake graphite deposit in central Sweden, which is on target to be one of the first projects in the junior graphite industry to begin production, scheduled for the 3rd quarter 2014. The Potential Merger is subject to a range of conditions, including, but not limited to, an agreement between Flinders and Tasman on the appropriate Ratio based on the guidance of their respective financial advisors, and Tasman and Flinders entering into a binding definitive agreement containing customary terms, including representations and warranties, as are standard in a transaction of this nature.
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April 8, 2014
08:48 EDTTASTasman Metals commences pre-feasibility study for Norra Karr heavy REE project
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