Talga receives $12.3 million in placements

Company News

by Jessica Amir

Talga Resources Limited (ASX:TLG) has received $12.3 million gross in placements from a small group of institutions.

The high tech materials company which only planned to raise $12 million, will use the proceeds to deliver the company’s technology minerals strategy.

Talga will also use the funds to scale-up in Germany, expand its graphene product development team and facilities in the UK.

Talga’s placements are due to settle on Friday 9 June 2017.

Shares in Talga Resources Limited (ASX:TLG) are trading 6.62 per cent lower to 63.5 cents.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.