$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…
