Potash developer Danakali will raise some A$12.25-million through a share placement to sophisticated and institutional investors in the UK and Australia.
The company told shareholders that some 20-million new shares will be issued at a price of 62c each, representing a 7.4% discount to the company’s last closing price on the ASX, and a 7.9% discount to the 30-day volume weighted average price of Danakali shares.
