VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/01/11 --
Plateau Mineral Development(OTCBB: PMDP) and Talison Lithium Limited ('Talison') are pleased to announce the completion of the previously announced plan of arrangement (the 'Arrangement') for the merger of Plateau Mineral Development and Talison. Effective immediately, Plateau Mineral Development and Talison have now merged.
At February 10,2011 Plateau Mineral Development will be Uplisted to teh US - AMEX Exchange with the Ticker Symbol: New Ticker Symbol will follow as soon as possible.
Talison ordinary shares will commence trading on the TSX under the symbol 'TLH' at the market open tomorrow, January 13,2011
Plateau Mineral Development CEO said today: We are very succesfull with Gold and Diamands.We have founded Gold, Diamonds and now Lithium for Global Market and merged Today with the worldwider Largest Lithium Producer, Talison, TLH.
'It was very clear to our management team that from the day we engaged in discussions on a potential merger with Talison, we shared the same long-term vision of the Gold,Diamonds and Lithium sector and its growth potential. We are excited to now work with, and become part of, the Talison team and feel very strongly that our shareholders will prosper in the long-term from the new merged company and its aggressive growth strategy.'
A possible Buyout from Plateau Mineral Development. will follows.This will be a profitable Investitagation for a shareholders.
Talison CEO Peter Oliver stated: 'Talison is excited to have completed the merger and looks forward to accelerating the development of the highly prospective `Plateau Mineral Development' project. Talison is already the largest lithium producer in the world and the largest supplier of lithium concentrates into the growing Chinese market. The merged company offers shareholders exposure to the current production of lithium concentrate and the upside growth of future lithium carbonate production from both the hard-rock and brine projects to satisfy the demand for lithium products destined for the global electric vehicle market.'
Further details regarding Talison or Plateau Mineral Development.and the details of the Arrangement can be obtained.Full details of the merger of Plateau Mineral Developmentand Talison will be released, also press release also available on SEDAR. A presentation of the transaction highlights can be accessed at the Plateau Mineral Developmentand Talison websites.
About Plateau Mineral Development
Plateau Metals provides precious metal shipping, access to production, transaction underwriting, and related services. Plateau operates across the world through its agents and offers service to multiple jurisdictions. Plateau offers complete solutions to buyers and sellers of precious metals that include storage, shipping, and transaction underwriting and arbitrage.
Plateau also acquires, develops, integrates and operates strategically aligned precious metal assets in worldwide markets where expansion is planned through additional investments to support organic growth; thereby providing significant revenue, and equity growth.
The company's operations are distributed across multiple international time zones with executives and agents located in client-appropriate locales. The company's website is www.plateaumetals.com.
About Talison Lithium Limited
Talison is the leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market. In addition, upon completion of the Arrangement, Talison now has an extensive lithium brine exploration project in Region III, Chile. Talison's 'Salares 7' lithium project is made up of seven salars (brine lakes, and the surrounding concessions) that are prospective for sub-surface lithium and potassium. Five of the seven salars are clustered within 155 kilometres and are 100% owned by Talison and its Chilean partner.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only.
Forward-Looking Statements
Safe Harbor Statement:
This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.
Contacts
Plateau Metals
Invester Information
New York: 1.917.463.3364
London: +(44) (0)20 337 17122
Fax: +(44) (0)208 338 0655
info@plateaumetals.com
Investor Information
NASD Exchange OTC BB
Talison Lithium Limited
Peter Oliver
CEO
+61 8 9263 5555
www.talisonlithium.com
FD - Media
Kim O'Halloran
Vice President, Corporate Communications
(312) 553-6733
kim.ohalloran@fd.com
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/01/11 --
Via Datamonitor
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