(NewsDirect)
Lindian Resources Ltd (ASX:LIN) CEO Alistair Stephens tellsProactive the company has raised $8.5 million (before costs) through anon-brokered private placement. A binding commitment from executivechairman Asimwe Kabunga for an additional $500,000 showsmanagement’s confidence in the program and takes the total placementvalue to $9 million. Funds will go towards rapid progression of plansfor a Stage 1 rare earths concentrate processing facility at its fullypermitted, Kangankunde Rare Earths Project in Malawi.
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Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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