Tasman Announces Extension of Warrant Term
VANCOUVER, Oct. 18, 2012 /CNW/ - Tasman Metals Ltd. ("Tasman" or the "Company") (TSXV: TSM) (Frankfurt:
T61) (NYSE-MKT: TAS). Mr Mark Saxon, President & CEO, announces that the Company will make an
application with the TSX Venture Exchange to extend the term of a total
of 2,090,667 warrants (the "Warrants") by one year. The Warrants were
issued with an original term of two years in connection with the
closing of two private placement financings as announced by the Company
on November 18, 2010 and November 26, 2010. Of the Warrants, 1,257,334
are currently due to expire on November 17, 2012 and 833,333 on
November 26, 2012. All other terms of the Warrants remain the same.
About Tasman Metals Ltd.Â
Tasman Metals Ltd is a Canadian mineral exploration and development
company focused on Rare Earth Elements (REE's) in the European region
and is listed on the TSX Venture Exchange under the symbol "TSM" and
the NYSE-MKT under the symbol "TAS". REE demand is increasing, due to
the metals' unique properties that make them essential for high
technology and environmentally-beneficial applications. Since over 95%
of REE supply is sourced from China, the European Union is actively
supporting policy to promote domestic supply of REE's, to ensure the
security of high-tech industry. Tasman's exploration portfolio is
uniquely placed, with the capacity to deliver "high-tech" metals from
politically stable, mining friendly jurisdictions with developed
infrastructure.
The Company's Norra Karr project in Sweden is one of the most
significant heavy REE resources in the world, and the only NI43-101
compliant REE resource in mainland Europe. The resource is unusually
low in radioactive metals relative to peer projects, with less than 15
ppm each of uranium and thorium.
For more information regarding rare earth elements, see the Rare Metal
Blog at http://proedgewire.com/rare-earth/ or Resource Stock Digest at http://strategicmetalstocks.resourcestockdigest.com
On behalf of the Board,
"Mark Saxon"Â Â
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
NYSE-MKT or 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. 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.
SOURCE: Tasman Metals Ltd.
For further information:
Investor Information
www.tasmanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 699 0202
Investor Information:Â Jim Powell +1 (647) 478 8952
Email:Â info@tasmanmetals.com