On August 25, 2016, Flinders Resources Limited (“Flinders”) and Tasman Metals Ltd. (“Tasman“) completed a plan of arrangement (the “Arrangement“) under which Flinders acquired all of the issued and outstanding shares of Tasman. Tasman has become a wholly-owned subsidiary of Flinders and Tasman’s shares have been delisted from trading on the TSX Venture Exchange effective August 26, 2016.
Concurrently with the closing of the Arrangement, Flinders changed its name to Leading Edge Materials Corp. At the opening of trade on Friday, August 26, 2016, Flinders commenced trading under its new name Leading Edge Materials Corp. and new stock symbol “LEM” on the TSX Venture Exchange.
Under the Arrangement, each Tasman shareholder is entitled to receive 0.5 of one Flinders common share for each share of Tasmanheld immediately prior to August 25, 2016, subject to adjustments. In order to receive Flinders shares, Tasman registered shareholders must surrender the certificates representing their Tasman shares together with a duly completed and executed Letter of Transmittal to Computershare Investor Services Inc.
The Letter of Transmittal was mailed to Tasman shareholders with Tasman’s management information circular dated July 15, 2016 and is available under Tasman’s profile on SEDAR at http://www.sedar.com and on this website. View here.
The Letter of Transmittal is for use by registered shareholders only and is not to be used by beneficial holders of Tasman shares (“Beneficial Shareholders“). A Beneficial Shareholder does not hold shares in its name but such shares are held by an intermediary such as a brokerage firm, or clearing agency such as CDS. If you are a Beneficial Shareholder, your broker will submit the required documentation in order to receive Flinders shares.