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Salt Lake Potash Ltd syndicates US$138 million senior debt facility to Sequoia Economic Infrastructure Income Fund and Commonwealth Bank of Australia
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Salt Lake Potash Ltd syndicates US$138 million senior debt facility to Sequoia Economic Infrastructure Income Fund and Commonwealth Bank of Australia
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
December 2020 Quarterly Report Salt Lake Potash Limited (SO4 or the Company) is pleased to present its Quarterly Report for the period ending 31 December 2020. The Company is focussed on transitioning from developer to producer at the Lake Way SOP Project in Wiluna, Western Australia, as it looks to complete construction and commence commissioning the Process Plant in the current quarter. Quarterly Report Highlights Project Financial Close delivered · Financial Close for the Lake Way Project was achieved in December with an equity financing including a A$52m share placement and A$5m Share Purchase Plan (subsequently upsized to A$8m on strong demand), priced at A$0.40 per new share. Following completion of the placement the Company drew the first US$105m tranche of the US$138m Taurus/CEFC debt facility with US$45m used to repay the Taurus Bridge Facility.