Pilbara’s placement oversubscribed

June 19, 2017

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Lithium developer Pilbara Minerals has successfully raised A$80-million in a share placement to help fund the construction of its Pilgangoora lithium-tantalum project, in Western Australia.

The company on Monday said that it had received firm commitments from institutional and sophisticated investors to raise some A$53-million through the share placement, with the shares priced at 35c each.

Category: General