Shareholders back Lynas raising

The West Australian November 10, 2009, 6:05 am

The West Australian © Shareholders back Lynas raising

Lynas Corp shareholders have backed the final leg of a $450 million capital raising intended to put the group on track for production by late next year.

Shareholders yesterday approved two separate institutional placements as part of the project financing for the group's flagship Mt Weld rare earths project near Laverton.

The funding package also included a $130 million institutional rights issue, a $165 million retail rights issue, a $67 million placement that was condition on yesterday's approval and an $88 million unconditional placement.

Follow thewest.com.au on Twitter

More Videos

West Business Insider

The new magazine for a new generation of West Australians.Click here to download »

Most Viewed

Breaking

12:52 pm Concern for missing Jarrahdale man
12:44 pm Swan disappointed in WA's Gonski stance
12:37 pm McKenna accused of preying on young girls
12:33 pm Fast food to remain tax free: Plibersek
11:51 am EPA backs Pilbara port, algae farm
10:48 am Abbott COS Credlin on drink-drive charge
10:44 am WA rates high for drug labs
10:33 am Skydiver critical after Pilbara crash
10:07 am Drenching interrupts dry season
9:13 am Rescue chopper sent to Wooroloo crash

More Breaking News »

Market Summary

All the latest market figures from Australia and the world.Click here »

THE WEST NEWS HOME

ALSO ON THE WEST

'The West Australian' is a trademark of West Australian Newspapers Limited 2013.

All rights reserved.

The West News Preferences

Close

Select your state to see news for your area.