Microsoft Word - Release ASX 2015-3-4 Dual Listing Draft 2.docx
ASX/MEDIA RELEASE
4 MARCH 2015
LNG LTD PLANS DUAL LISTING IN USA
Liquefied Natural Gas Limited (ASX: LNG; OTC ADR: LNGLY) (LNGL or the Company) is pleased to announce that the LNGL Board has reviewed options submitted by five investment banks and advises that LNGL will likely list on an appropriate US exchange near the time of commencement of full construction of the Magnolia LNG project, resulting in a dual listing with its existing shares on the ASX. The Company's American Depositary Receipts (ADRs) are already traded on the OTC International platform in the United States (US) under the symbol LNGLY, and a dual listing is the logical next step.
At this stage the Board has made no decisions as to the exact timing of the US listing, nor the size or format of any capital raising to be undertaken in connection with the US listing.
Following the dual listing, the Company will consider further options to unlock value for all LNGL
shareholders at the North American asset or project level.
The Board will provide further details about that process in due course.
For further information contact:
Mr Maurice Brand Mr David Gardner Mr Michael Mott
Managing Director/ CEO Company Secretary Chief Financial Officer
Liquefied Natural Gas Limited
Level 1 10 Ord Street, West Perth WA 6005
Telephone: +61 8 9366 3700 Facsimile: +61 8 9366 3799
Email: [email protected]
Web site: www.LNGLimited.com.au
About Liquefied Natural Gas Limited
Liquefied Natural Gas Limited is an ASX listed company (Code: LNG and OTC ADR: LNGLY)
whose portfolio consists of 100% ownership of the following companies:
Magnolia LNG LLC (Magnolia LNG), a US‐based wholly owned subsidiary of LNGL, which is developing an 8 million tonne per annum (mtpa) LNG export terminal, in the Port of Lake Charles, Louisiana, USA;
Bear Head LNG Corporation (Bear Head), a Canadian based wholly owned subsidiary of LNG, which is developing an 8 mtpa LNG export terminal in Richmond County, Nova Scotia, Canada with potential for further expansion;
Gladstone LNG Pty Ltd, a wholly owned subsidiary, which is progressing the 3.8 mtpa Fisherman's Landing LNG (FLLNG) Project at the Port of Gladstone in Queensland, Australia; and
LNG Technology Pty Ltd, a wholly owned subsidiary, which owns and develops the Company's OSMR® LNG liquefaction process, a mid‐scale LNG business model that plans to deliver lower capital operating costs, faster construction and improved efficiency, relative to larger traditional LNG projects.
DisclaimerForward‐looking statements may be set out within this correspondence. Such statements are only predictions, and actual events or results may differ materially. Please refer to our forward‐looking statement disclosure contained on our website at www.LNGLimited.com.au. For a discussion of important factors which could cause actual results to differ from these forward‐looking statements, please refer to LNG Limited's Annual Report and Accounts. LNG Limited does not undertake any obligation to update publicly, or revise, forward‐looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.