SO4 salt lake potash limited
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News: SO4 Salt Lake Potash Received Commitments To Raise A$15M Through Placement

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    02/07/20
    11:25
    Post #: 45593154

    July 2 (Reuters) - Salt Lake Potash Ltd (SO4) :

    • RECEIVED COMMITMENTS TO RAISE A$15M THROUGH PLACEMENT OF UNSECURED ZERO- COUPON CONVERTIBLE NOTES
    • FUNDS WILL ALLOW SO4 TO CONTINUE DEVELOPMENT OF LAKE WAY
    • IS IN FINAL STAGES OF COMPLETING DEBT FINANCING REQUIRED TO DELIVER PROJECT FINANCIAL CLOSE AT LAKE WAY
    • CONVERTIBLE NOTES HAS MANDATORY CONVERSION INTO EQUITY AT LOWER OF 45C/SHARE OR 5% DISC TO FUTURE EQUITY RAISING OF AT LEAST A$10M
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