ORE 1.66% $3.68 orocobre limited

News: Orocobre raises $50m in support of Olaroz production ramp up

  1. Orocobre Limited (ASX: ORE, TSX:ORL ) (“Orocobre” or “the Company”) is pleased to announce it has raised approximately A$50 million through a $40m Placement to domestic and international institutional and sophisticated investors and a $10m underwritten Share Purchase Plan. The proceeds of this capital raising will be used primarily to fund working capital requirements for the Olaroz Lithium Plant during its production ramp up.
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