Lithium hopeful Liontown Resources was hoping to raise up to A$7.9-million through a share placement to fast-track exploration and development activities at its Austarlian lithium projects.
The ASX-listed company on Thursday said that it would undertake a one-for-five non-renounceable pro-rata rights issue to raise an initial A$4.5-million, as well as a placement to institutional and professional investors, priced at 2c a share, to raise a further A$3-million.