Vancouver, Canada - Tasman Metals Ltd. ('Tasman' or the 'Company') (TSXV: TSM) (Frankfurt: T61); (OTCQB: TASIF) announces that Mr. Gil Leathley has stepped down as director of the Company effective immediately to focus on personal matters. Mr. Leathley has been a non-executive director and a member of the Company's Audit Committee since September 2011. Mr. Michael Hudson, a director of the Company, will replace Mr. Leathley as a member of the Audit Committee.
Mr. Leathley will remain on the Company's Advisory Board to advise the Company on technical matters.
Mr. Mark Saxon, President and CEO, stated, 'On behalf of the Board and management of the Company, I would like to thank Gil for his dedication and significant contributions to Tasman. With more than 50 years in the mining industry, we have been fortunate to work with someone of Gil's calibre on both the Board and Audit Committee. We look forward to continuing to work with Gil on a consultancy role, and appreciate his continued support via the Advisory Board.'
Tasman also announces that on January 25, 2016, Tasman filed a Form 25 with the United States Securities and Exchange Commission (the 'SEC') to terminate Tasman's registration under Section 12(b) of the U.S. Securities Exchange Act of 1934, as amended (the 'Exchange Act'). On March 21, 2016, Tasman filed a Form 15 with the U.S. Securities and Exchange Commission to terminate Tasman's registration under Section 12(g) of the Exchange Act and suspend its reporting obligations under Section 15(d) of the Exchange Act. Accordingly, Tasman's duty to file reports with the SEC under Sections 13(a) and 15(d) of the Exchange Act has been suspended.
Tasman anticipates that the termination of its registration under Section 12(b) of the Exchange Act will be effective April 24, 2016, and that the termination of its registration under Section 12(g) of the Exchange Act will be effective June 19, 2016.
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On behalf of the Board,
'Mark Saxon'
Mark Saxon, President & CEO
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Investor Information
www.tasmanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Company Contact: Mariana Bermudez +1 (604) 699 0202
Email: [email protected]
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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, changes in corporate goals, unexpected expenditures, our ability to identify and close suitable acquisitions, 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, the termination of Tasman's registration under Sections 12(b) and 12(g) of the Exchange Act becoming effective, 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.