TTX Tantalex Lithium Resources Corporation

Lynnwood Capital Inc. (the "Company") (CNSX:TTX) is pleased to announce that
further to its news release of March 29, 2013, it has completed the acquisition
(the "Transaction") of all of the issued and outstanding shares of Tantalex
Corporation ("Tantalex") and has been renamed "Tantalex Resources Corporation".


The Company issued 32,381,833 common shares on closing of the Transaction and
now has 33,500,564 common shares issued and outstanding and 16,648,161 common
shares are reserved for issuance pursuant to convertible securities and
contractual obligations of the Company. All convertible securities of Tantalex
were exchanged for similar securities of the Company or are convertible into
securities of the Company. 


In connection with the closing of the Transaction, the Company delisted its
common shares from the TSX Venture Exchange, resulting in the cancellation of
3,600,000 common shares, and consolidated its then remaining securities into
1,118,731 common shares. The Company has received approval to list its common
shares on the Canadian National Stock Exchange (the "CNSX"). The Company's
common shares will commence trading on the CNSX under the trading symbol "TTX"
at market open on October 22, 2013.


Prior to closing, Tantalex completed a private placement of 2,375,000 units, at
a price of $0.20 per unit, for gross proceeds of $475,000. In addition,
concurrently with the closing of the Transaction, Tantalex converted $758,934 of
existing debt into 9,996,634 common shares of Tantalex and $125,000 aggregate
principal amount of convertible debentures were converted into 2,500,000 common
shares of Tantalex.


In connection with the closing of the Transaction, all of the directors and
officers of the Company resigned. Accordingly, the new directors and officers of
the Company are Dave Gagnon (Chief Executive Officer and Director), Jean-Robert
Pronovost (Chief Financial Officer and Director), Bernard Lapointe (Independent
Director), Ndongo Armel Rodrigue Dziengue (Vice-President African Operations and
Director), Denis Belisle (Independent Director) and Michel Lebeuf (Corporate
Secretary).


Upon completion of the Transaction, the auditor of the Company was changed from
Davidson & Company LLP, Chartered Accountants to Raymond Chabot Grant Thornton
LLP Chartered Accountants, with its offices located at 600 de la Gauchetiere
Blvd. West, Suite 2000, Montreal Quebec H3B 4L8. 


The Company has filed a Listing Statement on SEDAR (www.sedar.com) pursuant to
the CNSX requirements in connection with the Transaction. The Listing Statement
is the disclosure document that outlines the details of the Transaction,
information about the Company and information about Tantalex and its business,
including financial statements of Tantalex and pro-forma financial statements.
Readers of this release are encouraged to review the information in the Listing
Statement.


About Tantalex

Tantalex is a mining exploration and development company engaged in the
acquisition, exploration and development of Tantalum and Niobium mining
properties in Africa. Tantalex is headquartered in Montreal, QC.


Neither CNSX nor its Regulation Services Provider (as that term is defined in
the policies of the CNSX) accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tantalex Resources Corporation
Dave Gagnon
Chief Executive Officer
+1 514-394-7476
dg@tantalex.ca


Tantalex Resources Corporation
Jean-Robert Provonost
Chief Financial Officer
+1 514-394-7476
jrp@tantalex.ca

Tantalex Lithium Resources (CSE:TTX)
Historical Stock Chart
From Nov 2024 to Dec 2024

Tantalex Lithium Resources (CSE:TTX)
Historical Stock Chart
From Dec 2023 to Dec 2024