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Message: Talison Lithium to issue IPO in Canada

Talison Lithium to issue IPO in Canada

posted on Nov 25, 2009 01:14PM

"Talison Lithium Ltd., producer of almost quarter of the world’s lithium, is seeking to raise as much as A$196 million ($181 million) in an initial public offering in Canada and Australia to pay debt. Talison, which mines lithium in Western Australia state, is seeking to sell 35 million new shares at a range of between A$4.10 and A$5.10 each as part of a proposed dual listing in Toronto and Sydney,..."

From another article... "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."



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