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Lynas shares halt ahead of announcement

Shares in rare earths miner Lynas Corporation have been placed in a trading halt ahead of a financing announcement by the company.

Rare earths miner Lynas Corporation's shares have been placed in a trading halt pending an announcement by the company on a financial transaction.

The trading halt will remain until Friday or until the announcement is made, if earlier.

Lynas shares last traded at 16.5 cents.

Rare earth minerals are used in a range of hi-tech products, including telescopes, X-ray and MRI scanning devices.

The company made a net loss of $59.3 million in the last six months of 2013, down from a $56.6 million loss during the same period a year earlier.


1 min read

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Source: AAP


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