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Lynas raises $A94.5m from placement

RARE earths play Lynas Corporation has boosted its coffers to the tune of $94.5 million by way of a share placement to fund its rare earths project at Mount Weld, near Laverton in Western Australia, to start of production.

MiningNews.Net
Lynas raises $A94.5m from placement

The placement of 75 million shares at an issue price of $1.26 per share was lead managed by Morgan Stanley. "The book build was heavily oversubscribed with 75 bids from both domestic and international...

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