The Conversation (0)
Tallison Lithium Ltd (TSE:TLH) reports $60 million “bought deal” financing.
The press release is quoted as saying:
The Offering is scheduled to close on or about February 3, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.
The net proceeds of the Offering will be used primarily for expansion of the Greenbushes Lithium Operations (Western Australia) to more than double current production capacity and also for exploration of the Salares 7 Project (Chile) and for general corporate purposes.