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(Adds details of fund raising in paragraphs 2-6)
Oct 20 (Reuters) - Shares of Australia's Liontown Resources slumped 34% on Friday, after the miner said it would secure up to A$1.2 billion ($759 million) in total in a discounted share placement and debt issue to fund its flagship Kathleen Valley Lithium project.
The fund-raising move came a few days after U.S.-based miner Albemarle abandoned a A$6.6 billion ($4.16 billion) buyout bid for Liontown.
The fund-raising will be in two parts consist...
>>> Read more: UPDATE 1-Australia's Liontown Resources tumbles on discounted share placement, debt facility
Oct 20 (Reuters) - Shares of Australia's Liontown Resources slumped 34% on Friday, after the miner said it would secure up to A$1.2 billion ($759 million) in total in a discounted share placement and debt issue to fund its flagship Kathleen Valley Lithium project.
The fund-raising move came a few days after U.S.-based miner Albemarle abandoned a A$6.6 billion ($4.16 billion) buyout bid for Liontown.
The fund-raising will be in two parts consist...
>>> Read more: UPDATE 1-Australia's Liontown Resources tumbles on discounted share placement, debt facility
