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Company News Summary

Galaxy Resources Announces Open of Retail Entitlement Offer and Dispatch of Information

01 Dec 2020  |  16:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Open of Retail Entitlement Offer and dispatch of Information

Galaxy Resources announced a fully underwritten equity financing to raise A$161m by way of an institutional placement to raise A$111m ("Placement"); and a 1 for 14 pro-rata accelerated non-renounceable entitlement offer to raise A$50m ("Entitlement Offer"). The Company updated that the retail component of the Entitlement Offer ("Retail Entitlement Offer") opened on 1 December 2020 and is scheduled to close on 10 December 2020 (unless extended). As reported, to eligible retail shareholders who have nominated to receive documents from the Company by electronic means, the Information Booklet and personalised Entitlement and Acceptance Form will be sent by such electronic means.

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