Orocobre Limited: Trading Halt
19.01.2016 | ABN Newswire
Brisbane, Australia (ABN Newswire) - In accordance with Listing Rule 17.1 Orocobre Ltd. (ASX:ORE) (TSE:ORL) requests a trading halt be applied to all of its quoted securities.The Company advises the following:
1. Reason for the Trading Halt
Pending release of an announcement in relation to a proposed capital raising via placement of ordinary shares to institutional and sophisticated investors.
2. Length of trading halt.
Until the opening of trade on Friday 22 January 2015 or until the announcement is made.
3. The event that the Company expects to happen that will end the trading halt.
A relevant announcement by the Company.
The Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
About Orocobre Limited:
Orocobre Ltd. is listed on the Australian Securities Exchange and Toronto Stock Exchange (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentinian-based industrial minerals company through the construction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northern Argentina.
The Company has built, in partnership with Toyota Tsusho Corporation and JEMSE, the first large-scale, greenfield brine based lithium project in 20 years at the Salar de Olaroz with planned production of 17,500 tonnes per annum of low-cost battery grade lithium carbonate.
Source: Orocobre Ltd.
Contact:
Australia and Asia Richard Seville Managing Director T: +61 7 3871 3985 M:-+61 419 916 338 E: rseville@orocobre.com David Hall Business Development Manager T: +61 7 3871 3985 M: +61 407 845 052 E: dhall@orocobre.com North America James Calaway Chairman M: +1 (713) 818 1457 E: jcalaway@orocobre.com