Kalium Lakes slumps after unveiling Beyondie rescue plan

AUSTRALIA’S first potash brine producer, Kalium Lakes, has revealed its much-anticipated emergency capital raising plan, months after warning of a cash crunch, and it’s likely far more modest than many may have feared.

Kalium Lakes slumps after unveiling Beyondie rescue plan Kalium Lakes slumps after unveiling Beyondie rescue plan Kalium Lakes slumps after unveiling Beyondie rescue plan Kalium Lakes slumps after unveiling Beyondie rescue plan Kalium Lakes slumps after unveiling Beyondie rescue plan

Beyondie's final product

Subject to shareholder approvals, the company has organised a two-tranche placement with commitments for just A$22 million, with Kalium Lakes' largest shareholder at 19.6%,

topics

loader