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Galaxy Resources Ltd Announces Non-Renounceable Capital Raising


Monday, 8 Jul 2013 10:14pm EDT 

Galaxy Resources Ltd announced that the Board of Galaxy Resources Limited recently recommenced a one for one pro-rata non-renounceable capital raising (Entitlement Offer or the Offer) at $0.08 per share to raise up to $46.7 million (before costs). Galaxy intends to use the funds raised for corporate working capital (including interest payments), costs associated with the Sal de Vida Lithium and Potash Brine Project, to reduce debt levels and re-structure Galaxy’s balance sheet. 

Company Quote

0.034
0.0020 +6.25%
20 Oct 2014