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Lynas Corp Ltd Announces Share Purchase Plan

Monday, 17 Dec 2012 08:25pm EST 

Lynas Corp Ltd announced that the issue price for its AUD25 million share purchase plan (SPP). The issue price has been calculated to AUD0.56 per New Share. A discount of 2.5% to the volume weighted average price of Lynas Shares traded in the ordinary course on the Australian Securities Exchange during the 5 trading days being 10, 12, 13, 14 and 17 December 2012, rounded down to the nearest cent. as determined at the close of trading on December 17, 2012. Funds raised under the SPP will be used for working capital and general corporate purposes during commissioning and ramp-up at the Lynas Advanced Materials Plant in Malaysia (LAMP).