{"id":4339,"date":"2024-05-14T12:13:06","date_gmt":"2024-05-14T12:13:06","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/14\/at-the-market-raise\/"},"modified":"2024-05-14T12:13:06","modified_gmt":"2024-05-14T12:13:06","slug":"at-the-market-raise","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/14\/at-the-market-raise\/","title":{"rendered":"At-The-Market Raise"},"content":{"rendered":"<p><strong>Galan Lithium Limited<\/strong> (ASX:GLN) (\u201cGalan\u201d or \u201cthe Company\u201d) is pleased to announce that it has utilised the At-the-Market Subscription Agreement (\u201cATM\u201d) with Acuity Capital (see announcement dated 12 April 2024) to raise $2,250,000 (inclusive of costs) through the set-off of 7,950,000 Galan collateral shares previously issued to Acuity Capital under the ATM (\u201cSet-off Shares\u201d). <\/p>\n<p>The Set-off Shares reduce the 15,000,000 Galan collateral shares that Acuity Capital is otherwise required to return to the Company upon termination or maturity of the ATM.<\/p>\n<p>The Set-off Shares have a deemed price of $0.283 per share, being a 5.7% discount to the last close price of $0.30 on 14 May 2024.<\/p>\n<p>The funds raised will be put towards the further development of the Hombre Muerto West lithium brine project in Argentina and working capital. <\/p>\n<\/p>\n<p><strong>Click here for the full ASX Release<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Galan Lithium Limited (ASX:GLN) (\u201cGalan\u201d or \u201cthe Company\u201d) is pleased to announce that it has utilised the At-the-Market Subscription Agreement (\u201cATM\u201d) with Acuity Capital (see announcement dated 12 April 2024) to raise $2,250,000 (inclusive of costs) through the set-off of 7,950,000 Galan collateral shares previously issued to Acuity Capital under the ATM (\u201cSet-off Shares\u201d). The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":4340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=4339"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/4340"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=4339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=4339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=4339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}