I meant in regards to the use of funds from the placement.
"Specifically, funds raised through the Placement and the exercise and underwriting of the Options will be applied to:
• Expedite payments of the remaining US$7.5m earn-in which will finalise LPI’s 50% ownership in the Maricunga Joint Venture. The payments are due in three instalments up to September 2018;
• Contribute to pre-construction programs within the Maricunga Joint Venture; • Other strategic initiatives associated with the Maricunga Joint Venture;
• Exploration activities at LPI’s Western Australia tenements; and
• Provide general working capital."
LPI Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held