CAPITAL RAISE
ASX-listed Salt Lake Potash will raise A$13-million through a share placement to institutional and sophisticated investors, to fund the development of its Lake Way project, in Western Australia.
The company on Friday said that some 31-million new shares will be placed at a price of 42c a share, representing a discount of 13.4% to Salt Lake’s last closing price of 48.5c a share.
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