$2.5M Raised in Oversubscribed Placement to Underpin Imminent Drilling at Three Highly Prospective Australian Lithium Projects Drilling to commence in February 2017 at Kathleen Valley and Lake Percy Highlights Placement raises $2.5 million from institutional and professional investors Liontown now funded to accelerate its drilling activities at the highly prospective Kathleen Valley, Lake Percy and Bynoe Lithium Projects: o Maiden drill testing of main lithium trends at Kathleen Valley (WA) is scheduled for early to mid-February 2017; o Maiden drilling program at Lake Percy (WA) to test beneath strongest lithium anomalism is scheduled for late February 2017; o New targets are scheduled for drill testing at Bynoe (NT) in the second Quarter of 2017 (after the northern Australian wet season). Strong news-flow expected over coming weeks as drilling programs get underway Liontown Resources Limited (ASX: LTR) (“Liontown” or the “Company”) is pleased to announce that it has received firm commitments to raise $2.52 million (before costs) to accelerate upcoming drilling programs across its three highly prospective Australian lithium projects. The Placement, comprising 126 million new fully-paid ordinary shares at an issue price of A$0.02 per share, was strongly supported by professional and institutional investors and closed heavily oversubscribed.............. http://www.proactiveinvestors.com.au/companies/news/172070/l… |
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aus der Diskussion: | Liontown Resources ist mit neuem Lithium Projekt wieder im Fokus |
Autor (Datum des Eintrages): | hbg55 (24.01.17 11:53:54) |
Beitrag: | 9 von 504 (ID:54150899) |
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