Lynas enters trading halt

Rare earths miner's shares halted pending completion of a book build.

Lynas Corporation's (LYC) shares have been placed in a trading halt pending completion of its demand book build and related arrangements for a proposed top up placement.

The rare earth's miners shares will remain in a halt until the start of normal trade on May 30, or when completion of the placement is announced.

Earlier this month, Lynas said it would undertake a share purchase plan to raise a minimum of $30 million, with the capacity to top up this amount by a placement to raise up to $10m.