https://www.miningweekly.com

Lynas raising hits the mark

27th October 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed rare earths miner Lynas on Monday announced that it had raised A$71-million through an entitlement offer, under which shareholders were able to subscribe for five new shares for every 14 held.

The entitlement offer was announced at the end of September.

The company said on Monday that it would issue more than 887-million new shares. The company would also issue 443.5-million entitlement options and the placement options, which would have an exercise price of 9c each, and could be exercised by September 15, 2015.

Lynas recently announced a 12% increase in production during the first quarter ended September, with the miner producing 2 043 t of rare-earth oxide.

“Our focus is now squarely on the immediate challenges and opportunities in front of us, and on creating value for our new and existing shareholders,” said CEO and MD Amanda Lacaze.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 1.058s - 111pq - 2rq
Subscribe Now