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Lynas plans $40M raising

LYNAS Corporation says it has addressed all its liquidity concerns with a $A40 million package of funding initiatives and a plan to amend the terms of a major loan.

Justin Niessner
Lynas plans $40M raising

The equity raising includes a $30 million share purchase plan fully underwritten by Patersons Securities at an issue price 17.5% discounted from the average Lynas share price during the five trading days...

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