GLN 0.00% 12.5¢ galan lithium limited

Ann: Trading Halt, page-74

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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 417 Posts.
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    Its a two tranche placement at 1.15 to raise up to 50m! Use of funds for their current projects

    Proceeds will be used for:
    • Drilling activities at HMW to establish well fields for production and convert existing Resources to Reserves;
    • Drilling activities at Candelas to convert existing Resources to Reserves;
    • Ongoing exploration activities at Galan’s projects at HMW, Candelas and Greenbushes South;
    • Completion of feasibility studies at HWM and Candelas; and
    • General working capital
 
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