Ann: Proposed issue of securities - LTR, page-2

This is smart which will discourage the people selling off in the hope of them getting the shares cheaper under the SPP. Don't count on it!!

"If there is a scale-back, each applicant will be scaled-back pro-rata based on the number of Shares for which they have applied (subject to any minimum dollar allocation determined by Liontown at its absolute discretion). At its discretion, the Company may take into account a number of factors, including the size of an applicants shareholding, the extent to which Eligible Shareholders have sold or bought additional shares after the Record Date and the date an application was made."