Galaxy completes $US105m loan drawdown
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Wednesday, 22 September, 2010 - 12:21
Lithium producer Galaxy Resources has announced its project loan facility has been fully drawn.
"The Company has now received the full $US105 million from the syndicate, China Development Bank, and Austrian bank, Raiffeisen Zentralbank Osterreich, in its loan facility disbursement account," Galaxy said in a statement to the Australian Securities Exchange.
West Perth-based Galaxy said the drawdown funds will be used to continue construction of both the Mt Cattlin and Jiangsu project and repay any outstanding bridging loans.