Cancellation of Securities
Brisbane, July 9, 2014 AEST (ABN Newswire) - Orocobre Limited (
ASX:ORE) (TSE:ORL) advises that the following unlisted options have lapsed in accordance with the terms of their grant.
------------------------------------------ASX Code Expiry Date Exercise No. of Price Options------------------------------------------OREAI 30 November $1.50 100,000 2016------------------------------------------
Following is a summary of the Company's securities currently on issue:
-------------------------------------------------------------------Number Class-------------------------------------------------------------------132,041,911 Ordinary (ORE)-------------------------------------------------------------------400,000 ASX Code OREAK - Options exercisable at $2.03 on or before 30 June 2015-------------------------------------------------------------------550,000 ASX Code OREAI - Options exercisable at $1.50 on or before 30 November 2016-------------------------------------------------------------------350,000 ASX Code OREAO - Options exercisable at $1.50 on or before 31 July 2017-------------------------------------------------------------------301,092 ASX Code to be allocated - Options exercisable at $2.20, 30 days after the later of 31 August 2015 or the date of release of the Company's financial results for the 2014/2015 financial year-------------------------------------------------------------------100,000 ASX Code OREAW - Options exercisable at $2.53. Expiry Date 1 October 2017-------------------------------------------------------------------200,000 ASX Code OREAU-Options exercisable at $1.50 on or before 31 May 2018-------------------------------------------------------------------140,792 ASX Code OREAS - Performance Rights exercisable at $0.00, 30 days after the later of 31 August 2015 or the date of release of the Company's financial results for the 2014/2015 financial year-------------------------------------------------------------------420,609 ASX Code OREAS - Performance Rights exercisable at $0.00, 30 days after the later of 31 August 2016 or the date of release of the Company's financial results for the 2015/2016 financial year-------------------------------------------------------------------
To view the tables and the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-806081.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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