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Article: Galaxy Resources Limited (ASX:GXY) Quarterly Report For The Period Ending 30 September 2009
- Article from:
- abnnewswire.net
- Article date:
- October 29, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Galaxy Resources Limited (ASX:GXY) is pleased to provide shareholders with the September 2009 Quarterly Report which outlines the progress made by your company during the quarter. The Company is now fully funded and will hold a significant cash position to support the development of both the Mt Cattlin and Jiangsu projects.
Galaxy announced on 25 August 2009, that it has signed a binding Share Subscription and Debt Facility Agreement for financing its project with Creat Group Co Ltd, a private sector investment company based in Beijing, China.
At an Extraordinary General Meeting on 14 October 2009 shareholders approved the issue of 34 million shares (equating to 19.9% of the expanded Galaxy ...