Galan Lithium Limited (ASX:GLN) announced a private placement of 89,285,72 ordinary fully paid shares at an price of AUD 0.14 per share fro gross proceeds of AUD 1,250,000 on June 23, 2020. The transaction will involve participation from professional and sophisticated investors, including Thematica Future Mobility, through its green energy fund. The company will also issue one free unquoted option on a one for one basis exercisable at a price of AUD 0.25 per share till on or before March 31, 2022. The transaction is expected to close on June 29, 2020.