GLN 3.23% 16.0¢ galan lithium limited

Offer Price: A$0.23 per share.Attaching Options:One unlisted...

  1. 206 Posts.
    lightbulb Created with Sketch. 103

    Offer Price:

    A$0.23 per share.

    Attaching Options:

    One unlisted option for every two shares subscribed with an exercise price of A$0.35 & expiry of 2 years from issue (New Options).

    Discount:

    • Discount to last close price of A$0.29/sh: 20.7%.
    • Discount to 5 trading day VWAP of A$0.312/sh: 26.3%.
    • Discount to 10 trading day VWAP of A$0.302/sh: 23.8%.

    Offer Details:

    • A$10m placement (Placement), with the ability to accept overs, at A$0.23 per share and,
    • Subject to shareholder approval
    • Director participation of a minimum of A$0.5m (subject to shareholder approval).

    Use of Proceeds:

    • Further development of the Hombre Muerto West lithium brine project (HMW)
    • Corporate overheads
    • Working capital


 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
0.005(3.23%)
Mkt cap ! $78.23M
Open High Low Value Volume
15.0¢ 16.0¢ 15.0¢ $238.9K 1.543M

Buyers (Bids)

No. Vol. Price($)
4 302790 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 189198 6
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.