REG - Salt Lake Potash Ltd - ASX Trading Halt

Salt Lake PotashAnnouncement

21/05/2021 07:05

RNS Number : 4106Z
  
Salt Lake Potash Limited
  
21 May 2021
  
 




21 May 2021
 


AIM/ASX Code: SO4
 



 



SALT LAKE POTASH LIMITED
ASX Trading Halt
 



 
Salt Lake Potash Limited ("Company") advises that trading in the shares of the Company have been halted on the Australian Securities Exchange ("ASX") effective from Friday, 21 May 2021. The halt was requested by the Company pending a capital raising. It has been agreed with the providers of the US$138m debt facility as described in the Company's announcement of 4 March 2021, that the capital raising will enable the Company to draw down the US$33m balance remaining under the debt facility and provide sufficient working capital to fund the ramp-up in production of the Lake Way Project.  
The trading halt will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 25 May 2021. 
Trading in the Company's ordinary securities will continue on AIM during this period. 
 
For further information please visit www.so4.com.au or contact:
 



Tony Swiericzuk / Richard Knights


Salt Lake Potash Limited


Tel: +61 8 6559 5800




Colin Aaronson / Lukas Girzadas


Grant Thornton UK LLP (Nominated Adviser)


Tel: +44 (0) 20 7383 5100




Derrick Lee / Peter Lynch


Cenkos Securities plc (Joint Broker)


Tel: +44 (0) 131 220 6939




Rupert Fane / Ernest Bell


Hannam & Partners (Joint Broker)


Tel: +44 (0) 20 7907 8500



 

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