11/10/2007 - 10:41

Liontown raises $3.2m in placement

11/10/2007 - 10:41

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West Perth-based base metals explorer Liontown Resources Ltd will raise $3.2 million through a placement, the comapny has announced.

Liontown raises $3.2m in placement

West Perth-based base metals explorer Liontown Resources Ltd will raise $3.2 million through a placement, the comapny has announced.

 

 

The full text of a comapny announcement is pasted below

Liontown Resources Limited (ASX: LTR) advises that it has received verbal firm commitments to place 11,850,000 shares at $0.27 to raise $3.2M.

Southern Cross Equities arranged the placement to a number of sophisticated and professional investors.

The placement closed substantially over subscribed and will be completed within the next week.

An updated corporate overview was placed on the Company's website on 8 October 2007 and can be viewed at the company webpage.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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