Talison Lithium Limited

Talison Lithium Limited

November 13, 2009 16:22 ET

Talison Lithium Limited Announces Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2009) -

NOT FOR DISTRIBUTION TO U.S. OR AUSTRALIAN NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OR AUSTRALIA

Talison Lithium Limited ("Talison Lithium" or the "Company") today announced that it has filed a preliminary prospectus with the securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island in respect of an initial public offering and secondary offering of ordinary shares (the "Ordinary Shares") of the Company. This offering will be made through a syndicate of underwriters led by Cormark Securities Inc. ("Cormark") and including Macquarie Capital Markets Canada Ltd., BMO Capital Markets, CIBC World Markets Inc., Paradigm Capital Inc. and Raymond James Ltd. Rothschild Australia Limited is acting as financial adviser to the Company.

Talison Lithium is a leading global producer of lithium. Talison Lithium mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. In 2008, the Company produced approximately 69% of the world's lithium minerals representing approximately one-quarter of the world's total lithium production.

A copy of the preliminary prospectus can be viewed on SEDAR (www.sedar.com) or can be obtained from Cormark (email: ecm@cormark.com).

There will not be any sale or any acceptance of an offer to buy the Ordinary Shares until a receipt for the final prospectus has been issued.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been and will not be registered, and may not be offered or sold in the United States absent an exemption from registration requirements, under the United States Securities Act of 1933, as amended. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States.

Forward-Looking Statements

This release contains "forward-looking statements" which reflect the current expectations of the Company. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those listed under the heading "Risk Factors" in the Company's prospectus. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the Company believes to be reasonable assumptions, the Company can not assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Contact Information

  • Clarity Communications
    Anthony Hasluck
    618-9380-0700