21st May 2021 12:51
Salt Lake Potash Ltd - Western Australia-focused organic sulphate of potash miner - Requests halt in shares on Australian Securities Exchange pending capital raise. "It has been agreed with the providers of the USD138m 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 USD33 million balance remaining under the debt facility and provide sufficient working capital to fund the ramp-up in production of the Lake Way project," company says.
Trading halt will remain until an announcement over the raise or until opening of trade on Tuesday next week, whichever comes first. Trading on AIM in London is unaffected.
Current AIM stock price: 19.35p, down 14% on Friday
Year-to-date change: down 18%
By Lucy Heming;Â [email protected]
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