April 18 (Reuters) - Galaxy Resources Ltd GXY.AX :
* GALAXY RESOURCES LTD - SAL DE VIDA UPDATE
* GALAXY RESOURCES - NEGOTIATIONS ONGOING WITH SHORTLIST OF INTERESTED PARTIES; HOWEVER CO HAS NOW RESOLVED TO FORMALLY CLOSE SAL DE VIDA PROCESS.
* GALAXY RESOURCES - CO UNABLE TO AGREE DEAL STRUCTURE WHICH PROVIDES WHAT IT BELIEVES IS APPROPRIATE VALUATION BASIS THAT PROPERLY REFLECTS THE ASSET
* GALAXY RESOURCES - DUE TO WEAKNESS IN CONTRACT PRICES FOR LITHIUM CHEMICALS, CO TO REMAIN PATIENT ON ANY 3RD-PARTY TRANSACTION FOR SAL DE VIDA PROJECT