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Old 11-17-2015, 03:38 AM
Sparty Sparty is offline
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Join Date: Mar 2009
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Default Galaxy now in a good position financially to restart several projects

Anthony Tse, Managing Director of Galaxy commented: ?This debt refinancing is a major milestone and marks the final stage of the Company?s balance sheet restructuring, that has taken more than two years to complete. Galaxy is now financially very well positioned, with a significantly strengthened balance sheet, as well as near term cashflows expected from the restart of Mt Cattlin at the end of the first quarter of 2016.? Read the full announcement

Galaxy is aiming to re-start its Mt Cattlin operation in Western Australia and is planning to develop a lithium and potash brine project in Argentina. More at www.australian-lithium.com

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