Liontown launches big raising

LIONTOWN Resources called a trading halt this morning and launched a A$50 million placement.

Liontown launches big raising Liontown launches big raising Liontown launches big raising Liontown launches big raising Liontown launches big raising

Liontown's Kathleen Valley lithium project

Bell Potter Securities is lead manager to the issue, which is pricing shares at 76c each, a 10.1% discount to Friday's close.

A bookbuild is underway and due to close tomorrow.