Galaxy Resources Ltd. (ASX:GXY) announced that it has settled the Deutsche Bank tranche 2 funding of A$20M following the resumption of operations at the Jiangsu Lithium Plant.
As quoted in the press release:
Galaxy confirms it has received A$10 million (gross) under the two-tranche financing arrangement with Deutsche Bank. The first A$10 million (gross) tranche (“Tranche 1″) settled on 17 December 2012.
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