Lihir completes US$325m Institutoinal Placement

Lihir Gold (LGL) has successfully completed an institutional placement of new fully paid ordinary shares to raise approximately US$325million. The placement attracted strong interest from both domestic and international institutions and the deal was priced at a 9.4 percent discount to LGL’s closing price of A$3.31. The settlement is expected to occur on 11th March 2009 with the placement shares be allotted and quoted on the ASX on 12 March 2009.

Source: Lihir Website