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Salt Lake Potash to launch A$48mln share placing

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Salt Lake Potash Ltd (LON:SO4) told investors it has made arrangements to raise A$48mln through a share placing.

The company, which is developing the Lake Way project in Australia, plans to issue new shares to investors at a placing price of 40 Australian cents.

READ: Salt Lake says project is 74% complete

Additionally, the company also seeks to raise a further A$5mln via a share purchase plan.

It added that the share will remain suspended and the company expects to release further details on December 11.

ADM Energy completes acquisition of extra stake in OML 113

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