10th Dec 2020 18:05
Salt Lake Potash Ltd - Australia-focused miner - Says plans for AUD48 million capital raising at AUD0.40 per share via a placement with the ability to take oversubscriptions, and a share purchase plan to raise up to AUD5 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," company says.
Requests one day extension to voluntary suspension of trading on ASX, until the opening of trade on ASX on Friday.
Current stock price: 22.60 pence
Year-to-date change: down 40%
By Lucy Heming;Â [email protected]
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