Galaxy takes China's "Great Group" as its cornerstone investor
 

Galaxy Resources has secured China's Creat Group as a cornerstone investor. This will enable Galaxy GXY to start their Ravensthorpe project within 12/12.

According to sources in Western Australia Creat Group will provide $130 million in debt financing and a $24 million placement to Creat at around 88¢ a share giving Creat around 19% of GXY.

Galaxy will also raise an additional $50 million from Australian institutional investors.


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