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30 August 2021 ASX ANNOUNCEMENT | ASX : LTR Kathleen Valley confirmed as a world-class lithium deposit as Letter to Shareholders - Minerals. | August 30, 2021
Lithium explorer Liontown Resources raising $50m
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One of 2020âs top performing ASX-listed stocks, Liontown Resources, was in the market raising $50 million on Monday to accelerate the progression of its Kathleen Valley lithium project.
Tim Goyder is behind battery metals company Liontown Resources.Â
Philip Gostelow
The raise is being led by Bell Potter and the company is calling for bids at 76¢ per share - a 10.1 per cent discount to its last close price.
Those who take up the 65.8 million shares on issue will be entitled to proceeds from the proposed demerger of Liontownâs Moora and Koojan joint venture assets, which it flagged with the market on June 3 this year.
Liontown (ASX:LTR) share price hits new 52-week high fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.