KLL kalium lakes limited
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News: KLL Kalium Lakes Says It Receives Firm Commitments For A$22 Million Placement

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    18/08/22
    11:35
    Post #: 63186889

    Aug 18 (Reuters) - Kalium Lakes Ltd (KLL) :

    • 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
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