Liontown Resources (ASX:LTR) completed its bookbuild for a placement of about 364.4 million new shares at AU$0.73 apiece to raise AU$266 million, according to a Friday filing with the Australian bourse.

The company will also accept oversubscriptions through a conditional placement of about 68.5 million shares to Chinese industrial conglomerate Canmax Technologies, alongside other institutional investors, to raise AU$50 million, subject to shareholder approval, the filing said.

Additionally, eligible shareholders will have the opportunity to participate in a share purchase plan to raise up to AU$20 million, according to the filing.

Liontown Resources shares fell 5% in afternoon trade Friday.