Tantalus Rare Earths AG

  • WKN: A1MMFF
  • Land: Deutschland

Nachricht vom 12.02.2016 | 16:00

Tantalus Rare Earths AG: Withdrawal of the Insolvency Application

DGAP-News: Tantalus Rare Earths AG / Key word(s): Insolvency

2016-02-12 / 16:00
The issuer is solely responsible for the content of this announcement.


DGAP-News: Tantalus Rare Earths AG: Withdrawal of the Insolvency Application

Grünwald, February 12, 2016 -Tantalus Rare Earths AG (Tantalus) is pleased to announce that it has withdrawn the application for opening of insolvency proceedings.

As announced on December 8, 2015, Tantalus and the Singapore-based company Apphia Minerals SOF PTE. Ltd (Apphia) signed a sale and purchase agreement for the sale of 60% of the shares in Tantalus' subsidiary Tantalum Holding (Mauritius) Limited (which is the 100% owner of Tantalum Rare Earth Malagasy S.A.R.L.) for a cash consideration of EUR 3.7 million.

Based on the terms set in the agreement Apphia has now transferred a second tranche of EUR 1.350.000 to Tantalus. In addition certain creditors have signed moratorium agreements and thereby Tantalus is no longer illiquid in the meaning of section 17 of the German Insolvency Code.

Tantalus will invite its shareholders to an extraordinary general meeting to decide on the arrangements with Apphia. The general meeting is expected to take place in late March 2016 and the invitation to the general meeting is expected to be published during the coming few weeks.

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's 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



2016-02-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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



show this

GBC-Fokusbox

Anleihe der German Real Estate Capital S.A. stark überdurchschnittlich attraktiv

Die Anleihe der German Real Estate Capital S.A. weist aktuell eine Effektivverzinsung von ca. 14 % auf. Da es sich hier quasi um eine Immobilien-Anleihe handelt, ist das Anleiherisiko überschaubar. Insgesamt verfügt die German Real Estate-Gruppe über 6 Objekte, 24 Bestands- und 22 Handelsobjekte, womit eine Kombination aus stetigen Einnahmen und attraktiven Entwicklerrenditen erreicht wird. Wir stufen die Anleihe als stark überdurchschnittlich attraktiv ein.

News im Fokus

Henkel AG & Co. KGaA: Henkel mit robuster Geschäftsentwicklung trotz starker Belastungen durch COVID-19-Pandemie

06. August 2020, 07:34

Aktueller Webcast

home24 SE

Webcast Q2 Results 2020

14. August 2020

Aktuelle Research-Studie

Adler Modemärkte AG

Original-Research: Adler Modemärkte AG (von Sphene Capital GmbH): Buy

07. August 2020