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The pricing is at 26c per new share.
Names of the investors participating were not disclosed.
An updated resource for Maricunga is scheduled for next month, followed by feasibility study results in early November.
The project recently received a conditional tick from Mitsui via a non-binding MoU involving the set up of a "strategic alliance" to progress development.
Meanwhile, in Australia, drilling is being planned for LPI's Greenbushes ground.
LPI had cash at the end June of $6.3 million.
Shares in LPI were down 7% to 27c in early trade, capitalising it at $81 million.
