11th Feb 2021 14:47
Salt Lake Potash Ltd - Western Australia focused organic sulphate of potash miner - Completes placement of 130.0 million shares at AUD0.40 to raise AUD52 million, about GBP29 million. The raise was announced early in December, and the second tranche of the placement - 5.0 million shares to directors - is completed following shareholder approval last month. Chair Ian Middlemas subscribes for 3.0 million shares, and Chief Executive Officer Tony Swiericzuk takes 500,000. Middlemas now has 10.0 million shares, a 2.7% stake, and Swiericzuk has 5.2 million. Additionally, non-executive directors Philip Montgomery, Matthew Bungey and Peter Thomas subscribe for 1.3 million, 150,000 and 125,000 shares, respectively.
Current stock price: AUD0.48
Year-to-date change: up 19%
By Tom Waite; [email protected]
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