Galaxy Resources is pleased to advise that Resolution 2 detailed in the Notice of Annual General Meeting was passed at the Adjourned Annual General Meeting of the Company held on 7 June 2013. In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise below is a summary of the number of proxy votes cast in [...]
Galaxy advises that it has established a secured bridging loan facility of $5 million with Deutsche Bank A.G, Sydney Branch. The proceeds of the bridging facility will be used for working capital and convertible bond interest payment. The maturity date of the facility is the earlier of the date that is 3 months after the date of loan drawdown or [...]
Galaxy Resources has launched a pro-rata entitlement issue at $0.08 per share to raise up to $47.6 million. Please find enclosed a copy of the Chairmans Letter to Shareholders which explains the details and rationale for the Offer and which was announced to the ASX on 20 May 2013. The prospectus was lodged with ASIC and the ASX on Monday 27 May [...]
/NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS/PERTH, Australia, May 31, 2013 /CNW Telbec/ - Galaxy Resources Limited (ASX: GXY) refers to the Notice of Annual General Meeting lodged with ASX on 30 April 2013.The company wishes to advise shareholders that consideration of Resolution 2 (Re-Election of Mr Craig Readhead as a [...]
/NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS/PERTH, Australia, May 27, 2013 /CNW Telbec/ -OverviewAs announced to the market on 20 May 2013, Galaxy Resources Limited (ABN 11 071 976 442) (ASX: GXY) (Galaxy or the Company) is pleased to announce that the Company has today launched a $46.7 million capital raising by way of a [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/PERTH, Australia, May 20, 2013 /CNW Telbec/ -Dear Shareholder,On behalf of the Board of Galaxy Resources Limited, we would like to provide an update of your Company and its capital raising plans. We have launched a 1 for 1 pro rata entitlement issue [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/PERTH, Australia, May 10, 2013 /CNW Telbec/ - Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") wishes to provide the following clarifications regarding the metal equivalents reported in the ASX announcement titled "Galaxy Delivers Maiden [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/Highlights650 tonnes of lithium carbonate produced in April (excludes one week scheduled maintenance)Average daily production rate of 28 tonnes, representing 60% of Plant's design output (vs 31% in March)Sales of 575 tonnes (revenue A$3.5 million [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/PERTH, Australia, May 1, 2013 /CNW Telbec/ - Lithium producer Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") announces that following cost review initiatives, the following directors have decided not to stand for re-election at the [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/Highlights386 tonnes of lithium carbonate produced in first half (15 days) of AprilAverage daily production rate of 26 tonnes, representing 55% of Plant's design outputFollows monthly production of 425 tonnes in MarchJiangsu Plant ramp-up [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/HighlightsSal de Vida DFS confirms robust economics for low cost, long life lithium and potash projectEstimated pre-tax NPV of US$645 million at 10% discount rate (IRR of 23%)Estimated post-tax NPV of US$380 million at 10% discount rate (IRR 19%)CAPEX [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/Highlights• Maiden JORC-compliant reserve estimate of 1.1 mt of retrievable lithium carbonate equivalent• Potash reserve estimate 4.2 million tonnes of potassium chloride [...]
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