SO4 Salt Lake Potash Limited

TIDMSO4

RNS Number : 4106Z

Salt Lake Potash Limited

21 May 2021

 
 21 May 2021   AIM/ASX Code: SO4 
 
 
 SALT LAKE POTASH LIMITED 
     ASX Trading Halt 
------------------------- 
 

Salt Lake Potash Limited ("Company") advises that trading in the shares of the Company have been halted on the Australian Securities Exchange ("ASX") effective from Friday, 21 May 2021. The halt was requested by the Company pending a capital raising. It has been agreed with the providers of the US$138m debt facility as described in the Company's announcement of 4 March 2021, that the capital raising will enable the Company to draw down the US$33m balance remaining under the debt facility and provide sufficient working capital to fund the ramp-up in production of the Lake Way Project.

The trading halt will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 25 May 2021.

Trading in the Company's ordinary securities will continue on AIM during this period.

For further information please visit www.so4.com.au or contact:

 
 Tony Swiericzuk / Richard Knights   Salt Lake Potash Limited                    Tel: +61 8 6559 5800 
 Colin Aaronson / Lukas Girzadas     Grant Thornton UK LLP (Nominated Adviser)   Tel: +44 (0) 20 7383 5100 
 Derrick Lee / Peter Lynch           Cenkos Securities plc (Joint Broker)        Tel: +44 (0) 131 220 6939 
 Rupert Fane / Ernest Bell           Hannam & Partners (Joint Broker)            Tel: +44 (0) 20 7907 8500 
 

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(END) Dow Jones Newswires

May 21, 2021 02:00 ET (06:00 GMT)

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