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Investegate |Salt Lake Potash Ltd Announcements | Salt Lake Potash Ltd: Placement, Share Purchase Plan, Securities Issue

Resignation of CFO Salt Lake Potash Limited (SO4 or the Company) is pleased to advise that the first tranche of its share placement to institutional shareholders and investors, as announced on 11 December 2020, has completed and the Share Purchase Plan that was also announced, opens today. Accordingly, the Company has today issued 125 million fully paid ordinary shares of no par value ( Ordinary Shares ) at A$0.40 per new share to raise A$50 million before costs. Dealings on AIM of the 125,000,000 placement shares commenced at 8:00am today The completed equity raising enables the first drawdown of US$105 million under the Taurus/CEFC US$138 million Syndicated Facility Agreement in December 2020.

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