Ann: Trading Halt, page-101

From the AFR:
Listed explorer Latin Resources was pitching fund managers a $30 million placement on Tuesday morning for its Brazilian projects.
Latin Resources is making the most of its 97 per cent share price climb in April to tap the equity markets for $30 million. The term sheet sent to potential investors said Latin Resources had already secured a cornerstone investor. Canadian fund manager Waratah Capital Advisors would take up $15 million of the placement, via its subsidiary Electrification and Decarbonization AIE LP.
Latin Resources has lithium prospects in Brazil, kaolin-halloysite in Western Australia and a copper project in Peru.
The offer was priced at 16¢ a share, a 13.5 per cent discount to the last traded price and 16.8 per cent discount to the five-day volume weighted average price. It included one-for-two free attaching option with a 22¢ strike price and five-year expiry.
Euroz Hartleys and PAC Partners were the joint lead managers. Jett Capital Advisors was the co-manager and lead arranger in North America.
Bids were due 3pm Tuesday.
The company had a $305 million market capitalisation before the raise. Its shares have nearly double this month after it posted drilling results for its Salinas lithium project in Brazil.