Talison Lithium Announces Extension of AGM
PERTH, WESTERN AUSTRALIA, Nov 15, 2012 (Menafn - MARKETWIRE via COMTEX) --Talison Lithium Limited ("Talison" or the "Company")wishes to advise that the Australian Securities & InvestmentsCommission ("ASIC") has granted the Company an extension of time inwhich to hold its Annual General Meeting ("AGM") for the financialyear ended June 30, 2012.
The Corporations Act 2001 (Cth) requires the Company to hold its AGMno later than November 30, 2012. The extension, which was granted byASIC on November 14, 2012, allows the Company to hold its AGM nolater than January 31, 2013, provided that the AGM is not held duringthe period December 17, 2012 to January 11, 2013.
The extension was sought in order to accommodate the timing of theschemes of arrangement between the Company and its shareholders andoptionholders and the related meetings, through which it is proposedthat Rockwood Holdings, Inc. ("Rockwood"), or a wholly-owned entityof Rockwood will acquire 100% of the ordinary shares in the capitalof the Company ("Talison Shares") and 100% of the options tosubscribe for Talison Shares.
Section 464 of the TSX Company Manual requires that a listed issuerhold its annual meeting of shareholders within six months from theend of its financial year, or at such earlier time as is required byapplicable legislation. Talison has applied for and has been grantedan extension by the TSX to hold its next annual general meeting nolater than January 31, 2013.
ABOUT TALISON
Talison is a leading global producer of lithium and has beensupplying a global customer network from the Greenbushes LithiumOperations in Western Australia for over 25 years. In anticipation ofsustained growth in lithium consumption, driven primarily by thesecondary lithium battery market, Talison has doubled its productioncapacity at the Greenbushes Lithium Operations.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including anyinformation as to Talison's mineral reserve and mineral resourceestimates, strategy, projects, plans, prospects, future outlook,anticipated events or results or future financial or operatingperformance, may constitute "forward-looking information" within themeaning of Canadian securities laws. All statements, other thanstatements of historical fact, constitute forward-lookinginformation. Forward-looking information can often, but not always,be identified by the use of words such as "plans", "expects", "isexpected", "budget", "scheduled", "estimates", "forecasts","intends", "anticipates", "predicts", "potential", "continue" or"believes", or variations (including negative variations) of suchwords, or statements that certain actions, events or results "may","could", "would", "should", "might", "potential to", or "will" betaken, occur or be achieved or other similar expressions concerningmatters that are not historical facts. The purpose of forward-lookinginformation is to provide the reader with information aboutmanagement's expectations and plans. Readers are cautioned thatforward-looking statements are not guarantees of future performance.All forward-looking statements made or incorporated in this pressrelease are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number offactors, estimates and assumptions that, while considered reasonableby Talison, are inherently subject to significant business, economicand competitive uncertainties and contingencies. Such factors,estimates and assumptions include, but are not limited to:anticipated financial and operating performance of Talison, itssubsidiaries and their respective projects; Talison's marketposition; future prices of lithium or lithium concentrates;estimation of mineral reserves and mineral resources; realization ofmineral reserve and mineral resource estimates; timing, amount andcosts of estimated future production; grade, quality and content ofconcentrate produced; sale of production; capital, operating andexploration expenditures; costs and timing of the expansion of theGreenbushes Lithium Operations; exploration and development of theSalares 7 lithium project; costs and timing of future exploration;requirements for additional capital; government regulation ofexploration, development and mining operations; environmental risks;reclamation and rehabilitation expenses; title disputes or claims;absence of significant risks relating to Talison's mining operations;the costs of Talison's hedging policy; sales risks related to China;currency; interest rates, and limitations of insurance coverage.While Talison considers these factors, estimates and assumptions tobe reasonable based on information currently available to it, theymay prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves knownand unknown risks, uncertainties and other factors which may causethe actual results, performance or achievements of Talison and/or itssubsidiaries to be materially different from any future results,performance or achievements expressed or implied by theforward-looking information. Such risk factors include, among others,those described in the unaudited condensed consolidated interimfinancial statements of Talison as at September 30, 2012 and for thethree months ended September 30, 2012 and under the heading "RiskFactors" in the annual information form of Talison for the year endedJune 30, 2012 dated September 26, 2012, each of which can be found onTalison's SEDAR profile at www.sedar.com. While Talison considersthese assumptions to be reasonable based on information currentlyavailable to it, they may prove to be incorrect and actual resultsmay vary.
Although Talison has attempted to identify statements containingimportant factors that could cause actual actions, event or resultsto differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated or intended.Forward-looking information contained herein is made as of the dateof this press release based on the opinions and estimates ofmanagement on the date statements containing such forward-lookinginformation are made. Except as required by law, Talison disclaimsany obligation to update any forward-looking information, whether asa result of new information, estimates or opinions, future events orresults or otherwise. There can be no assurance that forward-lookinginformation will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in suchinformation. Accordingly, readers should not place undue reliance onforward-looking information.
Contacts:
Talison Lithium Limited
Frank Wheatley
Executive Director
1 (604) 985 0528
Macquarie Capital
Michael Ashforth
Executive Director
61 (8) 9224 0644
Macquarie Capital
David Cobbold
Managing Director
1 (416) 848 3654
SOURCE: Talison Lithium Limited
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