Galaxy Resources, General Mining in $700m merger

Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 31-May-16

Lithium miners Galaxy Resources and General Mining Corporation have confirmed a merger deal. Shares in both groups resumed trading on 30 May 2016 after Galaxy unveiled a proposal to offer 1.65 of its shares for each share in General Mining. The merged entity’s assets will include the joint venture Mt Cattlin project in Western Australia. There is expected to be strong growth in demand for lithium in coming years.

CORPORATES
GALAXY RESOURCES LIMITED – ASX GXY, GENERAL MINING CORPORATION LIMITED – ASX GMM, GLOBAL LITHIUM LLC

Leave a comment