http://www.proactiveinvestors.com.au/companies/news/37082/lynas-corporation-raises-a25m-through-share-purchase-plan-37082.html
Lynas Corporation raises A$25M through share purchase plan
Monday, December 10, 2012 by Proactive Investors
Lynas Corporation (ASX: LYC, OTC: LYSDY) has received a positive response from existing shareholders for the share purchase plan announced last month, and will allocate applicants in full which will raise A$25 million.
The amount raised could have been higher, with Lynas previously announcing that the maximum to be raised under the plan was A$50 million.
The funds from the plan, along with a much larger component raised in a fully underwritten institutional placement will be used for working capital and general corporate purposes during commissioning and ramp-up at the Lynas Advanced Materials Plant in Malaysia.
completion of share purchase plan, page-4
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