Galaxy Resources Limited (ASX: GXY, “Galaxy” or the “Company”) announces that it has reached an agreement with a consortiumof lenders led by funds managed by Tribeca Investment Partners Pty Ltd (“Tribeca”) (collectively the “Lenders”) to acquire the seniorsecured loan facility (“Facility”) provided to Alita Resources Limited (ASX: A40, “Alita”).Pursuant to a Sale and Purchase Agreement and a Transfer Certificate, dated 27 August 2019, the rights, title and interest of theFacility, with principal value of US$28.8 million, have been assigned and novated to Galaxy. The total amount assigned and paid,including all accrued interest, fees and costs was US$31.1 million.
Repayment Date 1 July 2020
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
