Heuking Kühn Lüer Wojtek advises Tantalus Rare Earths AG on capital increase - BaFin approves prospectus

The prospectus submitted by Tantalus Rare Earths AG (TRE AG) for a capital increase against cash contributions with subscription rights has now been approved by the German Financial Supervision Authority (BaFin). Dr. Thorsten Kuthe, Partner at the Cologne office of commercial law firm Heuking Kühn Lüer Wojtek, and lawyer Sarah Winkel legally advised TRE AG on the scheduled capital increase.

The company intends to raise a total of up to EUR 10.5 million by way of the capital increase. TRE AG will use the expected net proceeds from the issue to invest in Tantalus Group's operational business. The prospectus is also used to satisfy the final requirements for the company's shares to continue to be traded in the primary market of Düsseldorf Stock Exchange. Upon its initial listing and the associated change from Frankfurt Stock Exchange (First Quotation board) to Düsseldorf Stock Exchange (Primary Market) in December of 2012, the company committed to Düsseldorf Stock Exchange to submit an approved prospectus by March 31, 2013.

Tantalus Rare Earths AG is a holding company engaged in the exploration and development of rare earths. Its principal asset is the TRE Project, located in northwestern Madagascar. The project comprises an important, primary bedrock rare earth mineralization and an extensive, secondary rare earth mineralization at surface.

Counsel to Tantalus Rare Earths AG
Heuking Kühn Lüer Wojtek, Cologne:

Dr. Thorsten Kuthe,
Sarah Winkel, LL.M.,
Kristian Franz, all Capital Market Law

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