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Posted by
Two Blokes Jun 20 -
Filed in
Stock
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PERTH, Australia , June 20, 2025 /PRNewswire/ -- Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce it has secured a binding commitment for a A$20 million placement (Placement) at A$0.11 per share, a 21% premium to the last closing price of A$0.091 as at 19 June 2025, from an existing shareholder, The Clean Elements Fund (Clean Elements). Additionally, Clean Elements will receive one unlisted option for every two shares issued under the Placement, with an exercise price of A$0.15 per option and an expiry date that is three years from the date of issue.
