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Galaxy Resources Limited Launches One for One Non-Renounceable Pro Rata Offer
May. 28, 2013 04:31AM PST
Potash InvestingGalaxy Resources Limited (ASX: GXY) announced that they have launched a $46.7 million capital raising through a one for one non-renounceable pro rata offer to eligible shareholders.
Galaxy Resources Limited (ASX:GXY) announced that they have launched a $46.7 million capital raising through a one for one non-renounceable pro rata offer to eligible shareholders.
As quoted in the press release:
The proceeds of the capital raising will be used for Galaxy’s working capital which includes:
corporate working capital (including interest payments);
Offer costs;
Sal de Vida Lithium and Potash Brine Project costs; and
debt reduction.
To view the whole press release, click here.