Salt Lake Potash shares suspended on ASX

Salt Lake Potash announced on Friday that the trading in its shares had been temporarily suspended on the ASX in Australia at its own request, pending an announcement on a potential further capital raising to investors in that country.

The AIM-traded company had confirmed on Thursday that trading in its shares had been halted on the Australian Securities Exchange, alongside the announcement of a successful placing to investors in the UK.

“The suspension will remain until the earlier of an announcement to the market regarding the above or the opening of trade on ASX on 2 May 2017,” Salt Lake’s board said in its statement.

“Any capital raising will be at a price of AUD 0.43 per share as stated in the proposed placing announcement of 27 April 2017.”

Trading in the company's ordinary securities would continue on AIM during the period, Salt Lake Potash confirmed.