Dec 2 (Reuters) - Galaxy Resources Ltd GXY.AX :
* ALITA RESOURCES OUTSTANDING SENIOR SECURED LOAN FACILITY OF US$32.5 MILLION ACQUIRED BY GALAXY WAS REPAID IN FULL ON NOVEMBER 29
* TOTAL AMOUNT RECEIVED ON NOVEMBER 29 WAS US$32.5 MILLION
* FUNDS RECEIVED BY CO WILL BE USED TO FULLY REPAY CORPORATE DEBT DRAWN DOWN BY GALAXY TO FUND ACQUISITION OF FACILITY
* AFTER REPAYMENT OF CORPORATE DEBT GALAXY WILL HAVE ZERO DEBT
* ALITA RESOURCES OUTSTANDING SENIOR SECURED LOAN FACILITY OF US$32.5 MILLION ACQUIRED BY GALAXY WAS REPAID IN FULL ON NOVEMBER 29