Lynas to raise equity and delay payments to after rare earths price slump

By Antonio Torrisi
Published: Tuesday, 06 May 2014

The plan to raise of additional equities and delay debt repayments should help the Australian rare earths producer to overcome the present difficulties experienced within the international market, but investors doubt about its long-term effects.

Australian rare earths producer, Lynas Corp., has announced it will raise financing for up to Australian dollar (A) $40m ($37.2m*) and delay debt repayments.

The company’s share purchase plan aims to sell A$30m of shares to existing shareholders, with an additional top-up equity placement with the capacity to...

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