If your information is accurate, it means that Lynas will issue new shares to specific investors under ASX Listing Rule 7.1 (15% capacity) without shareholders' approval. Few months ago, Lynas would have used the facility under ASX Listing Rule 7.1 up to 106.19 million (see Lynas announcement). The maximum 15% capacity is equivalent to 294 million shares. The remaining balance of shares which can be issued to specific investors would be 188 million (i.e. only 8 per cent). If the offer price is $0.08. Total proceeds from specific investors = 188 million x $0.08 = $15.04 million.
Right issue = 2,333 million/18 x 5 x $0.08 = $51.8 million. Total proceeds = 15.04 + 51.8 =$66.84 million.
Good news. It will be insignificant dilution (only 8 per cent) if shareholders subscribe the right issue.
Gain or loss is in your own hands. This is not investment advice. DYOR.
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