Results of General Meeting

PERTH, AUSTRALIA, June 20, 2014 /CNW/ - Galaxy Resources Limited (ASX: GXY) is pleased to advise that all resolutions detailed in the Notice of General Meeting were passed by the requisite majority on a show of hands at the General Meeting of the Company held on 20 June 2014.

In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise below is a summary of the number of proxy votes cast in respect of each of the resolutions put to shareholders at the General Meeting. Resolutions 5, 6, 7, 13, 14, 15, 17, 18, 19, 20, 21 and 22 were withdrawn.

Resolution number

For

Against

Open

Abstain

1 – Sale of Jiangsu

393,896,057

35,891,555

87,697,018

484,640

2 – Approval to Issue Shares to A P Tse

173,272,044

255,124,742

87,533,994

2,040,490

3 – Approval to Issue Shares to C B F Whitfield

173,253,044

255,246,242

87,533,994

1,937,990

4 – Approval to Issue Shares to M R Rowley

219,994,818

204,532,528

83,059,540

2,060,490

8 – Approval to Issue Shares as Part Remuneration to A P Tse

397,651,181

31,298,105

87,533,994

1,487,990

9 – Approval to Issue Shares as Part Remuneration to C B F Whitfield

397,644,529

31,427,257

87,533,994

1,365,490

10 – Approval to Issue Shares as Remuneration to M R Rowley

392,738,153

32,361,693

83,089,540

1,487,990

11 – Approval to Issue Shares as Remuneration to K C Kwan

396,752,279

32,174,407

87,556,594

1,487,990

12 – Approval to Issue Shares as Remuneration to J N Zhang

396,413,593

32,535,693

87,533,994

1,487,990

16 – Approval to Issue Shares and Options to C L Readhead

296,225,528

128,043,870

87,538,994

1,619,490

 

Yours faithfully
(signature)
A L Meloncelli
Interim CFO/Company Secretary

Caution Regarding Forward Looking Information.

This document contains forward looking statements concerning Galaxy. 

Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors.  Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies.  Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.

Forward looking statements in this document are based on Galaxy's beliefs, opinions and estimates of Galaxy as of the dates the forward looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. 

Not For Release in US

This announcement has been prepared for publication in Australia and may not be released in the U.S. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements.

SOURCE Galaxy Resources Limited

For further information: Corporate: Andrew Meloncelli, Interim CFO and Company Secretary, Galaxy Resources Ltd, Tel (office): +61 (0) 8 9215 1700, Email: ir@galaxylithium.com; Media Contact: Shane Murphy, FTI Consulting, Tel (office): +61 (0) 8 9485 8888, Tel (mobile): + 61 (0) 420 945 291, Email: shane.murphy@fticonsulting.com, galaxylithium.com