May 30 (Reuters) - Galaxy Resources Ltd GXY.AX :
* GALAXY RESOURCES - CONFIRMS IT HELD NUMBER OF CONVERSATIONS WITH VARIOUS PARTIES ABOUT POSSIBLE CO-OPERATION IN CHEMICAL PROCESSING PLANT IN CHINA
* GALAXY RESOURCES - AT PRESENT ALL CONVERSATIONS HAVE BEEN INFORMAL & ARE INCOMPLETE, NO BINDING OR NON-BINDING DOCUMENTATION HAS BEEN SIGNED
* GALAXY RESOURCES - MAY CONDITIONALLY ENTER ONE OR MORE NON-BINDING ARRANGEMENTS REGARDING POSSIBLE COOPERATION IN CHEMICAL PROCESSING PLANT IN CHINA