Galaxy lithium secures funding
Published: Tuesday, 25 August 2009
Lithium developer secures “bedrock” funding for Mt Cattlin mine and Chinese plant
A Chinese investment fund, Creat Group Co. Ltd has struck a
deal to invest A$26m. ($23m.) into emerging lithium producer,
Galaxy Resources Ltd while providing it with a debt finance
facility of A$130m.
In return, Creat will gain a 19.9% share of Galaxys
expanded capital and elect non-executive...