Salt Lake Potash has raised A$20.25m at A$0.54 (29.8p) along with a 1 for 4 option exercisable at A$0.85 before June 2023. $14.25m was from a consortium of cornerstone investors, including the founders of LionOre as well as the key initial investors in Mantra Resources (where the Chairman, Ian Middlemas was also previously Chairman). Lombard Odier increased their holding to nearer 15% with a further A$6m investment in the placing.
The Placement will fund ongoing development of the Lake Way P ....
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Cenkos: Salt Lake Potash Ltd - Financing
- Published:
06 Jun 2019 -
Author:
Will Dymott -
Pages:
17
Salt Lake Potash has raised A$20.25m at A$0.54 (29.8p) along with a 1 for 4 option exercisable at A$0.85 before June 2023. $14.25m was from a consortium of cornerstone investors, including the founders of LionOre as well as the key initial investors in Mantra Resources (where the Chairman, Ian Middlemas was also previously Chairman). Lombard Odier increased their holding to nearer 15% with a further A$6m investment in the placing.
The Placement will fund ongoing development of the Lake Way P ....