Galan Lithium SPP Results Announcement

Galan Lithium Limited (ASX: $GLN) has successfully concluded its Share Purchase Plan (SPP), raising over $4 million, well above the original $1.5 million target. The SPP, which closed on Friday 22 March 2024, received overwhelming support from eligible shareholders, reflecting their continued loyalty to the Company.

Executive Commentary on SPP Results

The Company is pleased with the resounding support shown by our shareholders through their applications, which exceeded our initial expectations. The strong demand for the SPP demonstrates the confidence and backing of our loyal shareholders, for which we are sincerely grateful. We are committed to utilizing the raised funds effectively to further our strategic objectives and enhance shareholder value.

Summary of Galan Lithium SPP Results

Galan Lithium Limited (ASX: $GLN) has successfully raised over $4 million through its Share Purchase Plan, surpassing the original target. The overwhelming demand from eligible shareholders led to the Company exercising its discretion to increase the size of the SPP. The Company expressed gratitude to its shareholders for their unwavering support. The raised funds will be utilized to advance the Company's strategic initiatives and drive value for its shareholders.