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Galan Lithium (ASX:GLN) raises $10M to develop Homebre Muerto West Project
Source: The Market Herald
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Galan Lithium (GLN) has received firm commitments to raise $10 million which will be put towards its Hombre Muerto West Project in Argentina
All up, 20 million shares will be issued through the oversubscribed placement at 50 cents each representing a 3 per cent discount to Galan s last closing price on January 21
The placement attracted support from green fund, Thematica Future Mobility, who invests in companies transitioning to clean and sustainable operations
Pleasingly, the Luxembourg-based fund has chosen to become a substantial shareholder of Galan once the placement shares are issued