Galaxy lithium secures funding

By Simon Moores
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 Galaxy’s expanded capital and elect non-executive...

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