Galan Lithium Facilitates Secondary Trading with New Share Issuance

The latest update is out from Galan Lithium Limited ( (AU:GLN) ).

Galan Lithium Limited has issued 13,000,000 fully paid ordinary shares under an At-The-Market Subscription Deed. This issuance allows the shares to be sold under the exemption provided by section 708A(5) of the Corporations Act, facilitating secondary trading without disclosure. The company has complied with necessary legislative provisions, ensuring transparency and regulatory adherence, which may positively impact its market operations and investor confidence.

More about Galan Lithium Limited

Galan Lithium Limited operates in the lithium industry, focusing on the production and development of lithium resources. The company is engaged in the exploration and development of lithium projects, which are crucial for the growing demand in electric vehicles and renewable energy storage.

YTD Price Performance: -1.43%

Average Trading Volume: 40,995

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €56.58M

Learn more about GLN stock on TipRanks’ Stock Analysis page.