On August 19, 2010, RCF V acquired 24,000,000 subscription receipts of Salares ("Subscription Receipts") for a price of $1.245 per Subscription Receipt ($29,880,000 in aggregate). Pursuant to the terms of the Subscription Receipts and in connection with the Plan of Arrangement, RCF V completed the Acquisition and received 0.35587 of an Ordinary Share for each Subscription Receipt. Based on a price of $1.245 per Subscription Receipt, the consideration offered per Ordinary Shares was $3.50.
Prior to the Acquisition, RCF V owned 6,446,625 Ordinary Shares. As a result of the Acquisition, RCF V owns 14,987,505 Ordinary Shares, representing approximately 16.99% of all outstanding Ordinary Shares.
RCF V acquired the Ordinary Shares for investment purposes and may purchase or sell securities of Talison in the future on the open market or in private transactions, depending on market conditions and other factors material to the investment decisions of RCF V. The Acquisition did not take place on a stock market.
For further information: To obtain a copy of the early warning report (also available under Talison's profile at www.sedar.com) filed in connection with this release, please contact Russ Cranswick at 720-946-1453