Galan Lithium (ASX:GLN) used its at-the-market subscription agreement with Acuity Capital to raise AU$575,000 through the placement of 5.7 million fully paid ordinary shares at AU$0.101 per share, according to a March 28 filing with the Australian bourse.
The issue price is an 8.2% discount to the company's 15-day volume-weighted average price.
The funds raised will be used for working capital, the filing said.
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