Tasman Announces Second Tranche Private Placement Closing
31 März 2014 - 10:05PM
Marketwired
Tasman Announces Second Tranche Private Placement Closing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2014) -
Tasman Metals Ltd. ("Tasman" or the "Company")
(TSX-VENTURE:TSM)(FRANKFURT:T61)(NYSEMKT:TAS).
The Company is pleased to announce that further to its news release
of February 11, 2014, the Company has closed the second tranche of
its private placement financing (the "Second Tranche") and has
issued 1,044,077 units at a price of CDN$1.10 per unit (the "Unit")
for gross proceeds of CDN$1,148,484.70. Each Unit consists of one
common share and one common share purchase warrant. Each common
share purchase warrant is exercisable at a price of CDN$1.50 per
common share for a period of three years expiring on March 31,
2017.
The net proceeds of the private placement are expected to be
used to advance work on the Company's Norra Karr and Olserum
projects and for general working capital purposes.
The Company has paid a finder a cash commission of 7% of certain
proceeds and has issued 103,907 compensation options exercisable
into Units with each unit having the same terms as the Units issued
under this private placement financing.
The securities issued under this private placement will be
subject to a four-month hold period expiring on August 1, 2014.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
On behalf of the Board,
Mark Saxon, President & CEO
The TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange), the NYSEMKT nor the Frankfurt Stock Exchange accepts
responsibility for the adequacy or accuracy of this news
release.
Cautionary Statements. Certain statements found in this release
may constitute forward-looking statements as defined in the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking
statements reflect the speaker's current views with respect to
future events and financial performance and include any statement
that does not directly relate to a current or historical fact. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations,
competitive factors, general economic conditions, customer
relations, uncertainties related to the availability and costs of
financing, unexpected geological conditions, success of future
development initiatives, imprecision in resource estimates, ability
to obtain necessary permits and approvals, relationships with
vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, changes in world metal
markets, changes in equity markets, environmental and safety risks,
and one-time events. Should any one or more of these risks or
uncertainties materialize, or should any underlying assumptions
prove incorrect, actual results may vary materially from those
described herein. The Company's actual results, performance or
achievements could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of
them do so, what benefits that the Company will derive therefrom.
Forward-looking statements cannot be guaranteed and actual results
may vary materially due to the uncertainties and risks, known and
unknown, associated with such statements. Shareholders and other
readers should not place undue reliance on "forward-looking
statements", as such statements speak only as of the date of this
release.
Tasman Metals Ltd.Jim PowellV.P. - Corporate Development+ 1
(647) 478 8952jpowell@tasmanmetals.comTasman Metals Ltd.Mariana
Bermudez+1 (604) 685
9316info@tasmanmetals.comwww.tasmanmetals.com
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