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.