Ann: Liontown raises $3M to fast-track lithium projects, page-2

I traded short term recently, but keen to get back in in coming weeks. Anything sub 3c a bargain with plenty of upside IMO

Liontown Resources Limited (ASX: LTR) (“Liontown” or the “Company”) is pleased to announce that it has received firm commitments to raise $3.0 million (before costs) to accelerate drilling, resource definition and initial Scoping Study activities across its three highly prospective Australian battery metal projects. The Placement, comprising ~111.1 million new fully-paid ordinary shares at an issue price of 2.7 cents per share, represents an 11% discount to the last traded price of 3 cents and was strongly supported by professional investors. Merchant Corporate Advisory acted as Lead Manager to the Placement, which was made pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1. Merchant will be entitled to a fee of up to 6% on total funds raised.