TLG 15.8% 66.0¢ talga group ltd

Ann: $10m Institutional Placement, page-2

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    Battery anode and graphene company Talga Resources Ltd (“Talga” or “the Company”)
    (ASX:TLG) is pleased to announce it has received firm commitments from a select group of
    institutional, sophisticated and professional investors to raise gross proceeds of A$10.0 million
    (“Placement”).
    The strongly supported Placement, which received applications well in excess of the amount
    sought to be raised, reflected significant investor interest as the Company progresses development
    of its integrated graphite anode facility in Sweden to produce ultra-low emission coated anode for
    greener lithium-ion batteries.
    Commenting on the Placement, Talga Managing Director Mark Thompson said: “This
    strategically sized placement will enable Talga to execute the next steps in building it’s Li-ion
    anode production facilities in Europe, while maintaining a tight capital structure to provide
    shareholders best leverage to project success. The raising also strengthens our position as we
    enter deeper finance discussions with multiple potential project partners.”


 
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66.0¢
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