Galaxy Resources Limited (ASX:GXY) Announce Company Appointments
Perth, Feb 25, 2011 AEST (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (
ASX:GXY) (PINK:GALXF) is pleased to announce the appointment of Mr Shaoqing Wu as a Non Executive Director to the Galaxy Board and the appointment of Ms Ella Wong as Company Secretary (Hong Kong).
Mr Wu was nominated to the board by Fengli Group, which was part of the agreement around Fengli's recent convertible note and equity investment in Galaxy. Mr Wu is currently the General Manager of Fengli.
Mr Wu is a civil engineering graduate of Shazhou College in Zhangjiagang City and has been an employee of Fengli for over 15 years. He was promoted to the group's General Manager from a Vice President role in 2010.
Welcoming the appointment, Galaxy Resources Chairman Craig Readhead said: "Mr Wu's wealth of local experience and network in the Zhangjiagang area where the Company's lithium carbonate and potential lithium battery plant are located will significantly strengthen the Galaxy Board."
Newly-appointed Company Secretary (Hong Kong) Ella Wong has 13 years experience in corporate secretarial practice.
She is a chartered secretary and an associate member of both The Institute of Chartered Secretaries and Administrators and The Hong Kong Institute of Chartered Secretaries.
Ms Wong joined Tricor Services Ltd ("Tricor") in 2004 and is currently a manager of the corporate services division.
Ms Wong has provided outsourced company secretarial services to many private companies and has been actively involved, as a manager of Tricor, in servicing a number of public companies listed on the Stock Exchange.
About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.
Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.
Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
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