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Galaxy says it will use the funds to repay debt drawn down by the company to fund the acquisition.

Galaxy receives Alita debt repayment

Alita Resources has repaid $US32.5 million ($A47 million) to its major shareholder and creditor Galaxy Resources, which confirmed today it would not pursue its planned acquisition of the lithium miner

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Total Shareholder Return as at 29/11/19

1 year TSR5 year TSR
thAlita Resources
309thAnglo Australian Resources9%58%
409thAldoro Resources-3%
696thAmani Gold-50%-27%
733 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

06/08/19
$0 Issued
06/08/19
$0 Issued
06/08/19
$0 Issued
Total value as at the date of the transaction
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Revenue

364th-Aldoro Resources$0
365th-Alita Resources$0
367th↓Amani Gold$0
368th-Anglo Australian Resources$0
485 listed resources companies ranked by revenue.
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