GLN 0.00% 21.0¢ galan lithium limited

Ann: Fully Subscribed Placement and Project Update, page-2

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    GALAN FULLY SUBSCRIBED PLACEMENT AND PROJECT UPDATE

    Commitments sought and received for a fully subscribed private placement of $550,000 (before costs) at 14 cents per share, representing a 3.6% discount to the last closing price
    Entire Board, staff and key consultants participate in placementFunds to be applied to continuing scoping and Pre-Feasibility studies(PFS), commencement of further resource work and working capitalCash burn rates significantly reduced since January 2020COVID-19 has had minimal impact on the work scheduled for Galan’sscoping and PFS
 
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