Brisbane, Australia (ABN Newswire) -
Orocobre Ltd. (ASX:ORE) TSE:ORL) (the Company) - Request for Trading Halt
In accordance with Listing Rule 17.1 the Company 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 sophisticated investors.
2. Length of trading halt.
Until the opening of trade on Monday 29 June 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. The full monthly production rate is expected to be reached in the last quarter 2015.
Contact:
Orocobre Ltd.
E: mail@orocobre.com
www.orocobre.com.au
