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Salt Lake Potash Ltd (SO4)

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Friday 21 May, 2021

Salt Lake Potash Ltd

ASX Trading Halt

RNS Number : 4106Z
Salt Lake Potash Limited
21 May 2021
 

21 May 2021

 

AIM/ASX Code: SO4

 

 

SALT LAKE POTASH LIMITED

ASX Trading Halt

 

 

Salt Lake Potash Limited ("Company") advises that trading in the shares of the Company have been halted on the Australian Securities Exchange ("ASX") effective from Friday, 21 May 2021. The halt was requested by the Company pending a capital raising. It has been agreed with the providers of the US$138m 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 US$33m balance remaining under the debt facility and provide sufficient working capital to fund the ramp-up in production of the Lake Way Project.  

The trading halt will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 25 May 2021.

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 / Lukas Girzadas

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

 

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