No. For every ONE (1) GXY share you will receive 0.569 of the...

No. For every ONE (1) GXY share you will receive 0.569 of the ORE share; for example if you hold 1,000 GXY you receive 569 shares in the new ORE holding company.
"Under the Scheme, Galaxy shareholders will receive 0.569 Orocobre shares for each Galaxy share held on the record date for the Scheme. Orocobre shareholders will own 54.2% of the fully diluted share capital of the combined entity and Galaxy shareholders will own the remaining 45.8%."

On Fridays closing prices this values GXY at $3.528 (GXY closed at $3.61and ORE at $6.20 on Fri.)