COMPLETION OF PLACEMENT Salt Lake Potash Limited (SO4 or the Company) is pleased to announce that it has now completed the placement of 130.0 million new ordinary shares of the Company, to raise gross proceeds of A$52.0 million (Placement), first announced on 11 December 2020. The second tranche of the Placement to Directors has been completed following shareholder approval at a General Meeting held on 22 January 2021. The issue comprised 5,025,000 ordinary shares of no par value (Ordinary Shares) at a price of A$0.40 per share, including 3,000,000 shares subscribed for by the Company s Chairman, Mr Ian Middlemas and 500,000 shares by the CEO, Mr Tony Swiericzuk. Further information is set out below.
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.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;