Orocobre Raises Funds For Its Olaroz Lithium Project

Mining Weekly reported Orocobre (ASX:ORE,TSX:ORL) finished a A$21 million share placement to fund the remaining construction at its Olaroz lithium project.

As quoted in the market news:

The miner said on Monday that it had placed some 12.35-million shares to institutional investors, at a price of A$1.70 a share to raise the funds.

Meanwhile, the company also announced that it would be launching a share purchase plan, at the same issue price, to raise an additional A$5-million.

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