News: DNK Danakali Says Following Options For Funding To Bring Colluli Into Production

Oct 30 (Reuters) - Danakali Ltd (DNK) :

• CURRENTLY PURSUING A RANGE OF OPTIONS FOR FUNDING BALANCE OF CAPITAL REQUIRED TO BRING COLLULI INTO PRODUCTION
• OPTIONS INCLUDE ADVANCED DISCUSSIONS WITH MULTIPLE POTENTIAL STRATEGIC INVESTORS WHO EXPRESSED INTEREST IN SUPPORTING DEVELOPMENT OF PROJECT
• STANDARD CHARTERED IS ACTING AS CORPORATE FINANCIAL ADVISER TO CO, INCLUDING WITH RESPECT TO DISCUSSIONS WITH POTENTIAL STRATEGIC INVESTORS
• CASH BALANCE AT 30 SEPT TO BE SUFFICIENT TO TAKE CO THROUGH TO COMPLETION OF COLLULI PROJECT FUNDING, COMMENCEMENT OF PROJECT EXECUTION