Salt Lake Potash in trading halt with capital raising news pending

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) has been granted a trading halt by the ASX with an announcement upcoming in regard to a proposed capital raising.

The trading halt will remain in place until the beginning of normal ASX trade on Friday, April 17, or when an announcement is released to the market, whichever occurs earliest.

Shares last traded at 39.5 cents, up from 30 cents at close on March 19.

Earthworks complete

Securities rose recently after SO4 announced the completion of civil earthworks at the process plant and non-process infrastructure site of the Lake Way Sulphate of Potash Project in Western Australias Goldfields region.

Non-process infrastructure includes accommodation, power, raw water storage and buildings.

Early process plant construction work is underway and the project remains on schedule for December 2020 commissioning.

In Australia, shares in the company were more than 11% higher, hitting an intra-Read More – Source