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 is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including 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 in financial planning for over six years with leading wealth managers and in real estate.