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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter.