Talison Lithium Announces Results of Securityholder Meetings

Talison Lithium Announces Results of Securityholder Meetings 
PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 02/27/13 -- Talison
Lithium Limited ("Talison") (TSX:TLH) is pleased to advise the
results of the meetings of Talison Securityholders held today (Perth
time) to consider the proposed Tianqi Schemes(1). 
The resolution to approve the Share Scheme was passed by the
Requisite Majority(2), with 99.98% of the Shares voted being voted in
favour of the Share Scheme.  
The resolution to approve the Option Scheme was passed by the
Requisite Majority, with 99.93% by value of the Options voted being
voted in favour of the Option Scheme.  
The Tianqi Schemes remain subject to approval by the Federal Court of
Australia. Talison's application to the Federal Court for approval of
the Tianqi Schemes is scheduled to be heard on March 12, 2013.  
If the Federal Court approves the Tianqi Schemes, the expected
timetable for implementation is as follows: 


 
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March 12, 2013   Date on which the Tianqi Schemes will take effect          
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March 13, 2013   Last day of trading of Talison Shares on the TSX           
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March 19, 2013   Record date for determining Talison Securityholders        
                 entitled to receive the Scheme Consideration(2)            
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March 26, 2013   Expected date for payment of the Scheme Consideration      
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Details of proxy votes and poll results 
Share Scheme 


 
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Summary of poll results                                                     
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Total number of votes cast on the poll                            62,810,138
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For the resolution                                                62,799,242
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Against the resolution                                                10,896
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Abstaining on the resolution                                         402,300
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Total number of shareholders voting (in person or by proxy or               
 representative)(3):                                                      19
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For the resolution                                                        18
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Against the resolution                                                     0
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Abstaining on the resolution                                               0
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Option Scheme 


 
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Summary of poll results                                                     
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Total value of votes cast on the poll                             11,863,411
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Value of votes cast for the resolution                            11,855,411
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Value of votes cast against the resolution                             8,000
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Value of votes abstaining on the resolution                                0
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Total number of optionholders voting (in person or by proxy or              
 representative):                                                         50
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For the resolution                                                        49
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Against the resolution                                                     1
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Abstaining on the resolution                                               0
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(1)The Tianqi Schemes contemplate that Windfield Holdings Pty Ltd, an
Australian incorporated subsidiary of Chengdu Tianqi Industry (Group)
Co., Ltd will acquire the balance of the ordinary shares in the
capital of Talison ("Shares") that it does not already own through a
scheme of arrangement for cash consideration of C$7.50 ("Share
Scheme") and 100% of the options to acquire Shares ("Options")
through an option scheme of arrangement for cash consideration of
C$7.50 per Option less the exercise price for that Option ("Option
Scheme").  
(2)As defined in the Tianqi Scheme Booklet. 
(3)These figures represent Registered Shareholders only. Canadian
Depositary Services, Inc. (CDS) (in whose name the shares of certain
Beneficial Holders are registered) voted both for and against the
resolution. Accordingly, as set out in the Tianqi Scheme Booklet, CDS
is included in the total number of Shareholders voting but is not
included in the "for" or "against" figures. 
Cautionary Note Regarding Forward-Looking Statements 
Certain information contained in this press release, including any
information as to Talison's mineral reserve and mineral resource
estimates, strategy, projects, plans, prospects, future outlook,
anticipated events or results or future financial or operating
performance, may constitute "forward-looking information" within the
meaning of Canadian securities laws. All statements, other than
statements of historical fact, constitute forward-looking
information. Forward-looking information can often, but not always,
be identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "predicts", "potential", "continue" or
"believes", or variations (including negative variations) of such
words, or statements that certain actions, events or results "may",
"could", "would", "should", "might", "potential to", or "will" be
taken, occur or be achieved or other similar expressions concerning
matters that are not historical facts. The purpose of forward-looking
information is to provide the reader with information about
management's expectations and plans. Readers are cautioned that
forward-looking statements are not guarantees of future performance.
All forward-looking statements made or incorporated in this press
release are qualified by these cautionary statements.  
Forward-looking statements are necessarily based on a number of
factors, estimates and assumptions that, while considered rea
sonable
by Talison, are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Such factors,
estimates and assumptions include, but are not limited to:
anticipated financial and operating performance of Talison, its
subsidiaries and their respective projects; Talison's market
position; anticipated timing and completion of the Tianqi Schemes;
future prices of lithium or lithium concentrates; estimation of
mineral reserves and mineral resources; realization of mineral
reserve and mineral resource estimates; timing, amount and costs of
estimated future production; grade, quality and content of
concentrate produced; sale of production; capital, operating and
exploration expenditures; costs and timing of the expansion of the
Greenbushes Lithium Operations; exploration and development of the
Salares 7 lithium project; costs and timing of future exploration;
requirements for additional capital; government regulation of
exploration, development and mining operations; environmental risks;
reclamation and rehabilitation expenses; title disputes or claims;
absence of significant risks relating to Talison's mining operations;
the costs of Talison's hedging policy; sales risks related to China;
currency; interest rates, and limitations of insurance coverage.
While Talison considers these factors, estimates and assumptions to
be reasonable based on information currently available to it, they
may prove to be incorrect and actual results may vary.  
Readers are cautioned that forward-looking information involves known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of Talison and/or its
subsidiaries to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information. Such risk factors include, among others,
those described in the unaudited condensed consolidated interim
financial statements of Talison as at and for the interim period
ended December 31, 2012 and under the heading "Risk Factors" in the
annual information form of Talison for the year ended June 30, 2012
dated September 26, 2012, each of which can be found on Talison's
SEDAR profile at www.sedar.com. While Talison considers these
assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect and actual results may vary.  
Although Talison has attempted to identify statements containing
important factors that could cause actual actions, event or results
to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or
results to differ from those anticipated, estimated or intended.
Forward-looking information contained herein is made as of the date
of this press release based on the opinions and estimates of
management on the date statements containing such forward-looking
information are made. Except as required by law, Talison disclaims
any obligation to update any forward-looking information, whether as
a result of new information, estimates or opinions, future events or
results or otherwise. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. 
Contacts:
Talison Lithium
Frank Wheatley
Executive Director
+1 (604) 985 0528 
Nicole Smith
Investor Relations Talison
+1 (416) 671 5939