Brief: Kalium Lakes Says It Receives Firm Commitments For A$22 Million Placement

Kalium Lakes

18/08/2022 02:33

Aug 18 (Reuters) - Kalium Lakes Ltd  KLL.AX :
    * RECEIVES FIRM COMMITMENTS FOR A$22 MILLION PLACEMENT
    * SUCCESSFULLY NEGOTIATED A DEBT RESTRUCTURE WITH ITS SENIOR
LENDERS
    * PLACEMENT ISSUE PRICE OF A$0.04 PER SHARE
    * RESTRUCTURE TO ASSIST IN FUNDING RAMP-UP WORKING CAPITAL
REQUIREMENTS AND FACILITATE EXPANSION TO 120 KTPA
    * SHARE PURCHASE PLAN OFFER TO RAISE UP TO A$8 MILLION AT
SAME
OFFER PRICE AS PLACEMENT

Source text for Eikon:  ID:nASX20fr7Q 
Further company coverage:  KLL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))