SO4 Salt Lake Potash Limited

TIDMSO4

RNS Number : 1494I

Salt Lake Potash Limited

10 December 2020

 
 10 December 2020   AIM/ASX Code: SO4 
 
 
                SALT LAKE POTASH LIMITED 
  Funding Update and ASX Voluntary Suspension Extension 
------------------------------------------------------- 
 

Salt Lake Potash Limited ("Company") is pleased to advise that arrangements for a capital raising intended to raise approximately A$48 million at A$0.40 per share by way of placement with the ability to take oversubscriptions, and a share purchase plan to raise up to A$5 million are progressing well. The Company expects to release an announcement regarding the results of the capital raising and satisfaction of the conditions precedent to enable drawdown of its debt financing, on 11 December 2020.

The Company has requested a one day extension to the voluntary suspension of trading on ASX until the opening of trade on ASX on 11 December 2020. 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 / Seamus Fricker     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 
 

This announcement has been authorised for release by the Board of Directors.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Salt Lake Potash Limited's expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Salt Lake Potash Limited, which could cause actual results to differ materially from such statements. Salt Lake Potash Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, save where required by law or regulation, to reflect the circumstances or events after the date of that announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCTLBJTMTJMTPM

(END) Dow Jones Newswires

December 10, 2020 02:00 ET (07:00 GMT)

Grafico Azioni Salt Lake Potash (LSE:SO4)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Salt Lake Potash (LSE:SO4)
Storico
Da Apr 2023 a Apr 2024