Gowling WLG advises Flinders Resources and Tasman Metals on combination

On August 25, 2016, Flinders Resources Limited (Flinders) and Tasman Metals Ltd. (Tasman) announced the closing of their plan of arrangement pursuant to which Flinders has acquired all of the issued and outstanding shares of Tasman in consideration of 0.5 of a common share of Flinders for each outstanding Tasman share.

Flinders now owns 100% of the outstanding Tasman shares. The arrangement was approved by Tasman shareholders on August 18, 2016 and by the Supreme Court of British Columbia on August 23, 2016.

The new company will be known as Leading Edge Materials Corp. The company, headquartered in Vancouver, is ideally positioned to play a pivotal role in the sustainable supply of technology and energy critical materials.

Gowling WLG advised both companies with a team led by Cyndi Laval that included Yong-Jae Kim, Jonathan Ross, A. Brent Kerr, Denis Silva and paralegal Toni Vodola.