21 May 2021 07:00
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 |
SO4.L (SO4)