Galaxy Resources Limited - Issues Web Proof Information Pack For Proposed Hong Kong Listing
28.02.2011 | ABN Newswire
11:36 AEST Feb 28, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Further to recent announcements of Galaxy Resources Limited (ASX: GXY) (PINK: GALXF) in relation to its application for a dual listing of its shares on the Hong Kong Stock Exchange, Galaxy is pleased to attach a document known in Hong Kong as the Web Proof Information Pack ('WPIP').
The WPIP was published in Hong Kong as required by The Stock Exchange of Hong Kong Limited and Hong Kong's Securities and Futures Commission solely for the purpose of providing information to investors in Hong Kong. Galaxy is also releasing the WPIP in Australia for the purpose of facilitating equal dissemination of information in the Hong Kong and Australian markets and, to the extent necessary, to meet Galaxy's continuous disclosure obligations. The WPIP does not constitute an offer of shares in Australia and therefore it is not a disclosure document under Chapter 6D of the Corporations Act.
The information contained in the WPIP is incomplete and is subject to changes, which could be material. If the WPIP is updated. Galaxy will release that updated WPIP on ASX.
Galaxy continues to progress its proposed dual listing in Hong Kong and will provide further updates as the process continues over the coming month. Further documentation will be published as it becomes available, including, if an offer of Galaxy shares is made to the public in Hong Kong, a prospectus that would be registered with the Registrar of Companies in Hong Kong.
About Galaxy Resources Limited:
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is an emerging mining and chemical company focusing on lithium and tantalum production. Galaxy is at an advanced stage of developing its Mt Cattlin Lithium Project (hard rock spodumene) in Ravensthorpe, Western Australia. The Project encompasses a mine and minerals plant which will produce 137,000 tpa of 6% Li2O spodumene concentrate. Galaxy intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in China.
The Company is finalising plans to establish a lithium carbonate chemical facility in Jiangsu Province, producing 17,000 tpa of lithium carbonate.
Contact:
Iggy Tan
Managing Director
Galaxy Resources Limited
Tel: +61-8-9215-1700
Email: ir@galaxylithium.com
http://www.galaxylithium.com