"He said following several setbacks through company restructures in recent years, it was great to see the support from new and existing shareholders.
“The support and vision of our shareholders for the program of development, revenues and growth set for Valence Industries has been exceptional.
“This strong investment in a program for regional manufacturing is significant at this time in South Australia and will see Valence Industries as the only graphite manufacturer in Australia to global markets.”
The funds raised from the offer will be used to restart the Uley Graphite Mine."
VXL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
