Salt Lake has placed 31m new shares at A$0.42, a 13% discount to the last closing price in Australia, to raise A$13m. Proceeds from the placement will be used to fund construction of the Williamson Ponds and dewatering of the Williamson Pit, as well as ongoing development of on-lake infrastructure, exploration and feasibility studies, and general working capital. With the appointment of Tony Swiericzuk as Managing Director and Chief Executive Officer, Salt Lake now has an operator with experienc ....
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Cenkos: Salt Lake Potash Ltd - Financing
- Published:
12 Nov 2018 -
Author:
Will Dymott -
Pages:
8
Salt Lake has placed 31m new shares at A$0.42, a 13% discount to the last closing price in Australia, to raise A$13m. Proceeds from the placement will be used to fund construction of the Williamson Ponds and dewatering of the Williamson Pit, as well as ongoing development of on-lake infrastructure, exploration and feasibility studies, and general working capital. With the appointment of Tony Swiericzuk as Managing Director and Chief Executive Officer, Salt Lake now has an operator with experienc ....