Lithium Australia raises cash for projects

January 11, 2016

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Junior developer Lithium Australia would raise some A$6-million in a share placement to institutional and sophisticated investors, to fund project development and working capital.

Shares would be priced at 14c each, and the A$6-million raising would include a A$4-million funding by Lanstead Capital, which would take up more than 28.5-million of the shares on issue.