Salt Lake Potash receives final environmental approval covering full-scale operations at Lake Way Project
“Receiving final environmental approval over the full Lake Way project will enable our team to commence construction of the remaining on-lake infrastructure and deliver the full scope of the Lake Way project, says CEO. Construction work on the final components of on-lake infrastructure will begin this quarter.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) has received its Part IV Environmental Approval for the Lake Way Project in Western Australia covering full-scale operations of 245,000 tonnes per annum of sulphate of potash (SOP).
ADVFN surges as former director takes his stake to 18%
A look at the major movers on the London market on Thursday ADVFN in focus on stakebuilding
2.14pm: Financial website in demand
ADVFN PLC (LON:AFN) has seen its shares surge as a former director almost doubled his stake.
The financial information provider has jumped 69.01% or 24.5p to 60p as Yair Tauman, a professor of economics at State University of New York, raised his investment from 9.44% to 18.31%
Professor Taubman, a proponent of game theory, resigned as a director in 2014 due to the pressure of his academic and business commitments, and at the time he said: ADVFN is a great company and should do very well in the future to come.
Tullow Oil in demand after refinancing plans
A look at the major movers on the London market on Thursday oil
Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing.
The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility.
The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July.
Global Petroleum raises up to £2mln to fund Namibia prospect
A look at the major movers on the London market on Thursday
10.55am: Explorer issues new shares and warrants
Global Petroleum Limited (LON:GBP) is among the day s bigger fallers after it announced a placing to raise £1mln.
Its shares have dropped 28% or 0.18p to 0.45p, which to be fair is the price at which 222mln shares have been placed.
The company has also issued 111mln warrants at an exercise price of 0.9p a share for a period of two years with one warrant for every two ordinary shares. If exercised in full this would raise another £1mln giving total proceeds of £2mln at an average weighted price of 0.6p a share.
Tullow Oil in demand after refinancing plans
A look at the major movers on the London market on Thursday oil
Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing.
The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility.
The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July.