Lightbridge (LTBR) Reports Q2 Loss of $0.30/Share
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Lightbridge Provides Update on Nuclear Fuel Commercialization Plan, Business Update and Financial Results for Second Quarter 2016
August 11, 2016 4:30 PM EDTRESTON, Va., Aug. 11, 2016 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR) today issued an update on its commercialization strategy and provided a business update for the second quarter ended June 30, 2016.
Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, We have achieved important milestones during the second quarter. We have been approved to continue to trade on Nasdaq and have received a $2.8 million convertible preferred financing from General International Holdings Inc. (GIH), an entity controlled by Mr. Xingping Hou, at a significant premium to the market price at the... More
