Results of General Meeting
Brisbane, Mar 16, 2015 AEST (ABN Newswire) - Orocobre Limited (
ASX:ORE) (TSE:ORL) ("Orocobre" or "the Company") wishes to announce that all resolutions were passed as ordinary resolutions on a show of hands. Details of proxy votes received in relation to the resolutions were as follows:
Resolution For Against Open Abstain1. Ratification of Share Placement 25,940,192 71,381 160,124 228,880 2. Approval of issue of shares to Mr. James Calaway 71,528,472 333,082 172,875 109,9833. Approval of issue of shares to Mr. Richard Seville 75,072,547 333,082 221,300 114,9834. Proposed Share Placement pursuant to underwriting of Share Purchase Plan 71,649,174 236,031 163,349 7,978,225
To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-848360.pdf
About Orocobre Limited
Orocobre Limited is listed on the Australian Securities Exchange and Toronto Stock Exchange (
ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF), and is building a substantial Argentine based industrial chemicals company through its portfolio of lithium, potash and boron assets. In partnership with Toyota Tsusho Corporation (TTC) and JEMSE, Orocobre has built and is now operating the world's first commercial, brine-based lithium operation constructed in approximately 20 years.
In 2018 Orocobre announced the Stage 2 Expansion of its flagship Olaroz Lithium Facility in Argentina. The Stage 2 Expansion will add 25,000 tpa of lithium carbonate production capacity, taking full production and capacity to 42,500 tpa of lithium carbonate for sale to industrial, technical and battery markets, positioning Orocobre as one of the world's largest and lowest cost lithium chemicals producers.
Additionally, Orocobre and Toyota Tsusho Corporation have commenced construction of the 10,000 tpa lithium hydroxide plant in Naraha, Japan. The construction of the Naraha Lithium Hydroxide Plant will further cement Orocobre's position as a global lithium chemicals producer operating at the bottom quartile of the lithium cost curve. This new hydroxide plant will be the first of its kind in Japan and will provide Orocobre product diversification suitable for different battery technologies and the potential for significant margin growth on our primary lithium carbonate being converted to battery grade lithium hydroxide.
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