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Galaxy Resources to Take Over Lithium One for C$109 Million
Mar. 30, 2012 04:04PM PST
Battery Metals InvestingReuters reported that Galaxy Resources (ASX:GXY) plans to take over Lithium One (TSXV:LI) for C$109 million ($109.10 million).
Reuters reported that Galaxy Resources (ASX:GXY) plans to take over Lithium One (TSXV:LI) for C$109 million ($109.10 million).
As quoted in the market news:
Lithium One shareholders will receive 1.8 Galaxy shares per common share in an all-share deal that values Canadian miner at about C$1.55 per share.
