11th Dec 2020 17:41
Salt Lake Potash Ltd - Australia-focused miner - Receives binding commitments from shareholders and investors to subscribe for 130 million shares at a price of 0.40 Australian cents each to raise AUD52 million. This is to enable the first drawdown of USD105 million under the Taurus and Clean Energy Finance Corp USD138 million syndicated facility.
Proceeds from placing will be used to cash back a bank guarantee for the APA gas pipeline, transaction fees and additional working capital. Euroz Hartleys Securities Ltd and Canaccord Genuity Group acted as lead managers and bookrunners.
Current stock price: 23.80 pence
Year-to-date change: down 36%
By Dayo Laniyan; [email protected]
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