Commonwealth joins Salt Lake funding pool

SALT Lake Potash reckons it’s fully-funded for its inaugural Lake Way development, having just signed a US$138 million debt financing package with Taurus Mining Finance and the Clean Energy Finance Corporation and locking in a fully underwritten A$98.5 million raising with Euroz Securities and Canaccord Genuity.

Commonwealth joins Salt Lake funding pool Commonwealth joins Salt Lake funding pool Commonwealth joins Salt Lake funding pool Commonwealth joins Salt Lake funding pool Commonwealth joins Salt Lake funding pool

Salt Lake has turned on the money tap.

Taurus is putting in US$91 million, while the CEFC has come to the party and is chipping $47 million into the four-year facility, which charges 9% interest, payable quarterly.

topics

loader