Salt Lake Potash Limited Issue of Equity (2759O)

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RNS Number : 2759O

Salt Lake Potash Limited

18 August 2017

 
 18 August 2017   AIM/ASX Code: SO4 
 
 
 SALT LAKE POTASH LIMITED 
      Issue of Equity 
------------------------- 
 

Salt Lake Potash Limited ("SO4" or the "Company") announces that 42,000 ordinary shares of no par value ("Ordinary Shares") have been issued to an advisor in payment of part of their annual fee.

Settlement and dealings

Application has been made to the Australian Securities Exchange ("ASX") and the AIM market of the London Stock Exchange ("AIM") for 42,000 new Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on both ASX and AIM. Dealings on AIM are expected to commence at 8:00 a.m. on or around 23 August 2017 ("Admission").

Following Admission, the Company's issued share capital will comprise 175,049,596 Ordinary Shares with voting rights attached (one vote per Ordinary Share). The Company does not hold any Ordinary Shares in treasury. This figure of 175,049,596 Ordinary Shares may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

In connection with the issue of Ordinary Shares, the Company has made the following mandatory notification to the ASX.

Notice under Section 708A

Salt Lake Potash Limited (the "Company") has today issued 42,000 fully paid ordinary shares. The issued securities are part of a class of securities quoted on the Australian Securities Exchange ("ASX").

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Corporations Act 2001 (Cwth) (the "Act") that:

   1.   the Company issued the securities without disclosure to investors under Part 6D.2 of the Act; 

2. as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

3. as at the date of this notice, there is no information that is "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Act.

For further information, please visit www.saltlakepotash.com.au or contact:

 
 Matt Syme/Sam Cordin                         Salt Lake Potash Limited                    Tel: [phone] 
 Colin Aaronson/Richard Tonthat/Daniel Bush   Grant Thornton UK LLP (Nominated Adviser)   Tel: [phone] 
 Nick Tulloch/Beth McKiernan                  Cenkos Securities plc (Broker)              Tel: [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 18, 2017 02:00 ET (06:00 GMT)