Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

At-The-Market Raise

by admin May 14, 2024
May 14, 2024
At-The-Market Raise

Galan Lithium Limited (ASX:GLN) (“Galan” or “the Company”) is pleased to announce that it has utilised the At-the-Market Subscription Agreement (“ATM”) with Acuity Capital (see announcement dated 12 April 2024) to raise $2,250,000 (inclusive of costs) through the set-off of 7,950,000 Galan collateral shares previously issued to Acuity Capital under the ATM (“Set-off Shares”).

The Set-off Shares reduce the 15,000,000 Galan collateral shares that Acuity Capital is otherwise required to return to the Company upon termination or maturity of the ATM.

The Set-off Shares have a deemed price of $0.283 per share, being a 5.7% discount to the last close price of $0.30 on 14 May 2024.

The funds raised will be put towards the further development of the Hombre Muerto West lithium brine project in Argentina and working capital.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Top 10 Cryptocurrencies in 2024
next post
Steppe Gold Announces Mailing and Filing of Annual General and Special Meeting Materials in Connection with Proposed Transaction with Boroo Gold and Boroo Singapore

Related Posts

Copper Price 2024 Year-End Review

December 31, 2024

BHP: Global Copper Demand to Surge 70 Percent...

October 2, 2024

Top 5 Canadian Mining Stocks This Week: Black...

November 9, 2024

Theia Diamond Drilling Delivers Best Result Yet

January 28, 2025

Sona Nanotech to Showcase Its THT Cancer Therapy...

November 8, 2024

MOU signed with Lafarge Canada Inc.

February 10, 2025

Canada Nickel Achieves Initial Metallurgical Success at Mann...

May 13, 2024

Nolan Watson: Gold Cycle Reset Upward, Price High...

March 21, 2025

American West Gearing up for Transformational Year at...

March 3, 2025

Central Banks Need to “Raise Their Game” as...

June 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Market Maker Manipulation; Oops, They Did It Again!

      May 14, 2025
    • 50% of S&P 500 Stocks Just Turned Bullish – What Happens Next?

      May 14, 2025
    • Bullish Breadth Improvement Suggests Further Upside For Stocks

      May 14, 2025
    • Tariff Tensions Ease, Nasdaq Soars — But is SMH the Emerging Leader?

      May 14, 2025
    • Lawsuit tracker: New resistance battling Trump’s second term through onslaught of lawsuits taking aim at EOs

      May 14, 2025

    Categories

    • Business (926)
    • Investing (2,165)
    • Politics (2,682)
    • Stocks (1,008)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved