SO4 salt lake potash limited
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News: SO4 Salt Lake Potash Ltd Acquires Strategic Lake Way Tenement Package

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    23/07/19
    10:10
    Post #: 39644539

    July 23 (Reuters) - Salt Lake Potash Ltd (SO4) :

    • ACQUIRES STRATEGIC LAKE WAY TENEMENT PACKAGE
    • ANNOUNCES INSTITUTIONAL PLACEMENT TO RAISE A$7.4M AT $0.70 TO FUND MAJORITY OF ACQUISITION COSTS
    • CO WILL PAY TOTAL CONSIDERATION OF A$10 MILLION, INCLUSIVE OF A$500,000 PAYABLE UNDER SPLIT COMMODITY AGREEMENT
    • ACQUISITION TO PROVIDE SIGNIFICANT SYNERGIES FOR LAKE WAY PROJECT
    • ENTERED AGREEMENT WITH BLACKHAM RESOURCES TO ACQUIRE STRATEGIC PACKAGE OF TENEMENTS AND ACCESS TO POWER,PROCESS WATER RIGHTS
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