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Galaxy Resources Settles 2nd Tranche Funding with Deutsche Bank
Feb. 28, 2013 04:08PM PST
Battery MetalsGalaxy 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.
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.
Click here to read the full Galaxy Resources Ltd. (ASX:GXY) press release.
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