Liontown Resources seeks $18 million capital raising

Company News

by Rachael Jones

Liontown Resources (ASX:LTR) has received firm commitments for an $18 million capital raising to underpin the continued exploration and development of its wholly-owned Australian lithium projects.

Following completion of the Capital Raising the Company’s flagship Kathleen Valley LithiumTantalum Project in Western Australia will be fully-funded through to completion of a Definitive Feasibility Study in 2020.

The Capital Raising has been joint lead managed by Bridge Street Capital Partners, Taylor Collison Securities and Bell Potter Securities. Bridge Street Capital Partners was the sole bookrunner.

Shares in Liontown Resources (ASX:LTR) are trading 7.1 per cent lower at 13 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.