Lynas drops on $40M raising

LYNAS Corporation has gone some way towards solving its debt and liquidity issues, adding $A39.97 million to its working capital following a share purchase plan and top-up placement.

Lynas drops on $40M raising Lynas drops on $40M raising Lynas drops on $40M raising Lynas drops on $40M raising Lynas drops on $40M raising

The rare earths developer said a recent SPP had raised $30.08 million through the issue of 266 million shares to existing stakeholders at 11.3c each.

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