PROJECT FINANCE

Liontown shares slump as billion-dollar funding revealed

SHARES in Liontown Resources have predictably slumped after the Kathleen Valley lithium project developer resumed trading today with news of a A$760 million debt funding package and fully underwritten $376 million equity raising pricing new shares at $1.80 each.

Liontown shares slump as billion-dollar funding revealed

Former major shareholder Tim Goyder is investing $11 million in the equity raising.   Current major shareholder Gina Rinehart's Hancock Prospecting also participated and is understood to have put in...

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