Galaxy posts receivers to Alita amid huge loss

A DAY after Alita Resources called in the administrators, major shareholder and creditor Galaxy Resources has appointed receivers.

Galaxy posts receivers to Alita amid huge loss Galaxy posts receivers to Alita amid huge loss Galaxy posts receivers to Alita amid huge loss Galaxy posts receivers to Alita amid huge loss Galaxy posts receivers to Alita amid huge loss

Alita's Bald Hill operation in WA's Goldfields

Galaxy paid US$31.1 million this week to acquire Alita's debt, making it the only secured creditor, as well as the largest shareholder with 12.2%.