Lithium miner's dual listing aims for $247m - lithium ion batteries for sale

MELBOURNE -
Talison Lithium, the world's Lithium producer for nearly a quarter, is seeking to raise up to $0. 196 billion ($0. 247 billion) in initial public offerings in Canada and Australia to pay off debt.
Talison, who is mining lithium in Western Australia, is seeking to sell 35 million new shares for $4. 10 and A$5.
The company said yesterday that both companies were part of plans to go public in both Toronto and Sydney.
Resource Capital Fund iv lp can sell up to 3.
The company added that it holds a 5 million stake in Talison.
As consumers in developing markets such as China and India buy more mobile devices, including PCs and mobile phones, demand for batteries is expected to increase.
Global demand for hybrid and electric vehicles is likely to increase the energy battery sales of these vehicles by more than 200 times in six years, to 2 times.
According to Tokyo, for the year ended March 2014, 3 trillion
Market researcher Fuji chizai.
"The company has the ability to respond to the market's growth in demand for lithium," said Peter Robinson, chairman of Talison . ".
The company estimates that lithium demand could grow by 6 percentage points per year by 2013, with the biggest growth forecast coming from the demand for a large number of electric vehicles producing lithium.
It is said to be an ion battery.
The company said lithium was used for batteries, pharmaceutical, grease and aluminum smelting, and Talison supplied global production in 2008.
Talison's greenbushes' lithium business was acquired in August 2007 by a group of private equity firms led by resource capital from Gwalia's son.
Once the son of Australia's second son
In August 2004, the world's largest gold producer and the largest tantalum miner were appointed as external managers.
According to The Australian newspaper reported on 2007, the Resource Capital Fund paid $0. 205 billion for the Greenbush family and the sons of the wargina family in Gwalia.
54 shareholders will be retained.
7% and 58.
At the time the IPO was completed, 8 per cent of the company, the Resource Capital Fund was the largest holder and held between 29 people.
3% and 33. 4 per cent.
Talison said Rothschild Australia is advising Talison and Macquarie Group to manage sales in Australia.
The company will soon begin selling the offer to Australian and Asian institutional investors.
The Canadian IPO will be underwritten by the group led by Cornmark Securities, including the Macquarie Capital market of Canada, the BMO Capital Market, the CIBC world market, the paradmagm Capital and Raymond James. -