Orocobre launches big raising

LITHIUM producer Orocobre has launched a A$156 million capital raising to give it funding flexibility.

Orocobre launches big raising Orocobre launches big raising Orocobre launches big raising Orocobre launches big raising Orocobre launches big raising

Lithium product in Orocobre's warehouse

The raising comprises a $126 million placement at $2.52 per share, a 13% discount to Orocobre's Thursday closing price.

The company will issue 50 million shares, representing 18.