Allkem Ltd T.ORL

Orocobre Limited ASX/TSX:ORL Trading Halt

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https://www.fscwire.com/newsrelease/orocobre-limited-asxtsxorl-trading-halt

Friday, January 30, 2015 - 9:07 AM EST

Orocobre Limited ASX/TSX:ORL Trading Halt

Brisbane, Australia (FSCwire) - Orocobre Limited ("the Company") (ASX:ORE) (TSX:ORL) announced today that it has requested a trading halt be applied to all of its quoted securities pending release of an announcement in relation to a potential capital raising. The price and size of the potential capital raising is yet to be determined.The Company has appointed Canaccord Genuity (Australia) Ltd as Lead Manager. In accordance with the Listing Rules of the ASX, the Company requested that its ordinary shares be placed in pre-open on the ASX pending an announcement regarding the potential capital raising. The ASX has granted such request, and unless the ASX subsequently decides otherwise, the Company's ordinary shares will remain in pre-open on the ASX until the earlier of the commencement of normal trading on Wednesday 4th February or when the announcement is released to the market. The Company expects that the trading of its ordinary shares on the Toronto Stock Exchange will be temporarily halted during the same period.

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.

Contact:

Australia and Asia
David Hall
Business Development Manager
T: [phone]
M: [phone]
E: [e-mail]

North America
James Calaway
Chairman
M: [phone]
E: [e-mail]