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LMG — Latrobe Magnesium News Story

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Brief: Latrobe Magnesium To Raise A$8.5 Million In New Equity Capital

BRIEF-Latrobe Magnesium To Raise A$8.5 Million In New Equity Capital

- Latrobe Magnesium Ltd LMG.AX:

  • TO RAISE A$8.5 MILLION IN NEW EQUITY CAPITAL

  • PLACEMENT WILL RAISE A$5.1 MILLION BY ISSUING 339.0 MILLION NEW SHARES AT A$0.015 PER SHARE

  • INSTITUTIONAL PLACEMENT TO RAISE A$5.1 MILLION AND UNDERWRITTEN NON-RENOUNCEABLE ENTITLEMENT OFFER OF A$3.4 MILLION

  • PLACEMENT AT OFFER PRICE A$0.015 PER SHARE


Further company coverage: LMG.AX


((Reuters.Briefs@thomsonreuters.com;))

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