Lumex Capital Corp
SymbolLMX
Shares Issued4,670,000
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Lumex, Ausex make QT deal to buy Tasman Metals

2009-07-07 15:36 ET - News Release

Also News Release (C-AXS) Ausex Capital Corp

Mr. David Henstridge of Ausex Capital reports

AUSEX CAPITAL AND LUMEX CAPITAL ENTER INTO AMALGAMATION AGREEMENT WITH TASMAN METALS LTD.

Ausex Capital Corp. and Lumex Capital Corp. have signed a formal amalgamation agreement dated June 30, 2009, with Tasman Metals Ltd., a privately owned company incorporated under the laws of British Columbia and at arm's length to Ausex Capital and Lumex Capital.

Under the terms of the agreement, Ausex Capital, Lumex Capital and Tasman Metals will combine their respective businesses by way of an amalgamation under the provisions of the Business Corporations Act (British Columbia). Shareholders of each of the companies will receive common shares of the amalgamated company as follows:

  • Ausex Capital shareholders will collectively receive 7.15 million common shares based on an exchange ratio of one common share of the amalgamated company for each common share held in the capital of Ausex Capital. Holders of warrants and/or options of Ausex Capital will receive one warrant and/or one option of the amalgamated company for each warrant and/or option they hold in Ausex Capital, under the same terms and conditions.
  • Lumex Capital shareholders will collectively receive 5,046,402 common shares in the amalgamated company based on an exchange ratio of 1.0806 common shares (based on cash-asset backing) of the amalgamated company for each common share held in the capital of Lumex Capital. Holders of options of Lumex Capital will receive 1.0806 options in the amalgamated company for each option they hold in Lumex Capital, under the same terms and conditions.
  • Tasman Metals shareholders will collectively receive 10.5 million common shares in the amalgamated company based on an exchange ratio of one common share of the amalgamated company for each common share held in the capital of Tasman Metals.

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