Galaxy Secures Us$40M Debt Facility With BNP Paribas

Highlights

• Secured debt facility of up to US$40 million executed with tier one bank BNP Paribas
• Drawdown expected before end of January 2017
• Loan to be utilised for repayment of existing OCP Asia facilities and for general corporate purposes
• Key terms of the facility provide Galaxy with a highly flexible and competitively priced finance package

Galaxy Resources Limited (ASX:GXY) is pleased to announce that it has executed a facility agreement with BNP Paribas (“BNP”) for a US$40 million secured debt facility for the principal purpose of repaying in full the current outstanding balance due to OCP Asia and for general corporate purposes.
Anthony Tse, Managing Director of Galaxy, stated “This new BNP Paribas facility represents yet another positive step forward for the Company as an industry leading lithium producer – it further strengthens Galaxy’s balance sheet enabling increased financial flexibility, and establishes what we anticipate will be a long-term relationship with a tier one international bank to support our growth strategy. We are extremely pleased to have executed this facility, on very competitive terms with BNP Paribas, which provides for improved financing costs to the Company and we look forward to working closely with them in the years ahead”
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For more information, please contact:

Corporate

Nick Rowley

Director – Corporate Development

+61 (8) 9215 1700

nick.rowley@galaxylithium.com

Media Enquiries (Australia)

John Gardner

+61 413 355 997 or +61 (8) 6160 4901

JGardner@citadelmagnus.com

Media Enquiries (International)

Heidi So
Strategic Financial Relations Ltd
+852 2864 4826
Heidi.so@sprg.com.hk
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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.
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