Company News Summary
Galaxy Resources Provides Retail Entitlement Offer Information Booklet
01 Dec 2020 | 17:12:00 | Associate analysts | Increase | Decrease | 
Original announcement: Retail Entitlement Offer Information Booklet
Galaxy Resources provided retail entitlement offer booklet for a fully underwritten 1 for 14 accelerated non-renounceable pro rata entitlement offer of FPO shares at an offer price of $1.70 per New Share. The Company updated that Retail Entitlement Offer opens on 1 December 2020 and closes on 10 December 2020 with a record date of 27 November 2020. As reported, the funds raised would be used to the Sal de Vida capital program, to enable the Company to meet the scheduled first production in late 2022; progress James Bay to construction ready status by the end of 2021; and to pay transaction costs associated with the Equity Financing.
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