ASX-listed Salt Lake Potash will raise A$23.5-million through a share placement to a number of new Australian institutional investors, to fund the ongoing development of its Lake Way sulphate of potash (SOP) project, in Western Australia.
Furthermore, the company on Friday reported that it has also extended the Stage 1 debt facility from Taurus Funds Management by a further $15-million, to $45-million, ahead of the main project development facility.