Galaxy completes capital raising
Published: Thursday, 05 November 2009
Australian miner raises A$65m. to fund Ravensthorpe and Jiangsu projects
Australian group Galaxy Resources Ltd has completed a capital raising of A$65m. ($59m.) to fund lithium mining in Australia and production facilities in China.
Galaxy said there was strong Australian and international institutional investor support for the capital raising, which was almost three times oversubscribed.