Orbite Aluminae Inc.
TSX : ORT
OTCQX : EORBF

Orbite Aluminae Inc.

March 31, 2015 17:49 ET

Orbite to Postpone Q4 2014 Conference Call to April 8th in Line with Regulatory Disclosure Restrictions

Company's Q4 Press Release, MD&A and Financials to be Distributed as Planned after Close of Market on March 31st

Company to hold Special Meeting of Shareholders regarding Series Y on April 27th

MONTREAL, QUÉBEC--(Marketwired - March 31, 2015) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today announced it will postpone its customary quarterly conference call, originally to be held on April 1st, to April 8th at 10 a.m. Additionally, the Company announces that the previously postponed special meeting of shareholders will be held April 27, 2015, to vote on the Series Y Financing.

Considering Orbite's intention to provide shareholders with the opportunity to ask management to address issues during the question and answer session subsequent to the conference call and given the legal restrictions applicable to disclosure during the distribution period relating to Orbite's bought deal financing announced earlier today, management has deemed it preferable to postpone the conference call to a time subsequent to the anticipated closing of the bought deal portion of the current offering.

"In our call, we want to be able to conduct an open dialogue with our shareholders on matters ranging from the completion of our HPA plant to our finances," stated Glenn Kelly, CEO of Orbite. "The restrictions placed upon us in relation to the current financing render that difficult, which would result in a rather sterile and uninformative call, which benefits none of our stakeholders. By postponing the call, we will be able to discuss all matters of interest, obviously subject to not breeching disclosure regulations."

Special Meeting of Shareholders

The previously postponed special meeting of shareholders relative to the Series Y Subscription Rights financing will be held on April 27th, 2015. Details and further information regarding this meeting will be communicated subsequent to the closing of the bought deal portion of the current offering, as described above.

CONFERENCE CALL DETAILS:

Details for the conference call to discuss the Company`s Q4 and Full Year 2014 financials, as well as to discuss the Company`s progress towards completion of its 3 tpd HPA facility, are as follows:

The call will be held in English. The Q&A session will be in English and French.

Date: April 8, 2015
Time: 10:00 a.m. (ET)
Dial in number: +1 888 231-8191
+1 647 427-7450
Webcast: http://bit.ly/1ED3yhQ
Taped replay: +1 855 859-2056
+1 514 807-9274
+1 416 849-0833
Encore password: 6252465
Available until: 12:00 midnight (ET), Wednesday, April 22, 2015

About Orbite

Orbite Aluminae Inc. is a Canadian clean technology based mineral-processing and resource development company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Company's portfolio contains 15 intellectual property families, including 15 patents and 98 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.

Forward-looking statements

Certain information contained in this document may include "forward-looking information". Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Company or hypotheses underlying these items. In this document, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Company management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management's Discussion and Analysis (MD&A) entitled "Risk and Uncertainties" as filed on November 5, 2014 on SEDAR.

The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.

Contact Information

  • TMX EQUICOM
    Marc Lakmaaker, External Investor Relations Consultant
    1-800-385-5451 ext. 248
    mlakmaaker@tmxequicom.com

    For Media Inquiries:
    TMX EQUICOM
    Scott Anderson, External Media Relations Consultant
    1-800-385-5451, ext. 252
    sanderson@tmxequicom.com