LMG Placement closed oversubscribed
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Latrobe Magnesium Limited has announced the completion of an oversubscribed placement to raise funds for its magnesium plant project. The raised funds will allow the company to fast-track the construction of its initial magnesium plant in Latrobe Valley. The company has reduced its capital cost estimate for the plant, enhancing its financial outlook.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Latrobe Magnesium Limited on 6ix
Story so far
Earlier from Latrobe Magnesium
- LMGs Plant Expansion
- Appendix 5B Cash Flow Report
- RTL Mining & Earthworks Sublease Agreement
- Disclosure Document
- LMG complete oversubscribed $3M placement
Later from Latrobe Magnesium
- LMGs Magnesium Market update
- LMG Project Update
- LMG exercises option to buy 320 Tramway Rd, Hazelwood N
- LMG finalises term sheet for $23M of project funding
- Update on revised terms of $23M project funding
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