KiniBiz | Rare earths company Lynas Corp said on Monday it was seeking to raise…

KiniBiz | Rare earths company Lynas Corp said on Monday it was seeking to raise A$ 83 million (RM236.89 million) through a discounted share placement and rights issue to shore up its balance sheet.


Lynas seeks to raise RM236 mil in new equity
www.kinibiz.com
Lynas will offer 150 million new shares to new institutional investors and offer existing shareholders a 5 for 14 renounceable rights offer, both priced at A$ 0.08 per share.

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