"Lithium play Galaxy Resources is seeking to raise up to $29.3 million in the placement of shares through Patersons Securities."
"The shortfall placement was being done at 8¢ a share through Patersons, with a 1.5-for-one free attaching listed option.
"Investors were told Patersons had been advised of demand worth about $12 million, and was looking to place the remainder with institutional, retail and sophisticated investors."
GXY Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held