Green Technology Metals Limited (ASX: GT1) (GT1 or the Company), a Canadian-focused multi-asset lithium business is pleased to announce that it has received firm commitments from investors for a two-tranche placement of new shares to raise approximately A$4.5 million (before costs) ('Placement').
'We are very pleased with the strong support for the Placement and welcome the participation of both new and existing investors. On behalf of the Board, I would like to thank our shareholders for their continued confidence in GT1. The funds raised will allow us to continue progressing the Seymour DFS and project development activities. Our focus remains on advancing the Seymour Project while delivering long-term value for our shareholders.'
Placement Overview
GT1 has received firm commitments from new and existing institutional and sophisticated investors for a Placement of 160,714,286 fully paid ordinary shares at A$0.028 per share, to raise approximately A$4.5 million. Canaccord Genuity (Australia) Limited and Foster Stockbroking Pty Ltd are acting as Joint Lead Managers and Bookrunners. The Placement will be completed in two tranches: ? Tranche 1 - to raise approximately A$3,326,190 through the issue of 118,792,510 New Shares, utilising the Company'ublication>
(C) 2025 Electronic News Publishing, source ENP Newswire