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Talga Resources Ltd A$1.7 mln raising to advance high grade Swedish graphite-graphene projects


Sunday, 16 Mar 2014 06:07pm EDT 

Talga Resources Ltd:Receives commitments to raise up to A$1.7 mln (before costs) via a placement.Offer of 20 mln ordinary shares has been made to sophisticated investors at an offer price of 8.5 Australian cents per ordinary share.Placement will be made pursuant to Talga's current capacity under ASX Listing Rules 7.1 and 7.1A.Placement is anticipated to be completed and shares issued on March 10.Proceeds of Placement are intended to be applied to graphite and graphene metallurgy, upscaling tests, economic studies, exploration and working capital. 

Company Quote

0.225
-0.015 -6.25%
19 Dec 2014