PROJECT FINANCE

Salt Lake raises for debt drawdown

EMERGING sulphate of potash producer Salt Lake Potash has completed a placement with institutional shareholders and to enable final debt drawdown and access to additional funding through its bank guarantees.

 Salt Lake has picked up some more funding

Salt Lake has picked up some more funding

The A$28 million placement at 35c, a 14% discount, is also being supported by Salt Lake's directors, principally by chairman Ian Middlemas and managing director Tony Swiericzuk, who intend to buy 2.8 million...

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