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SALT LAKE POTASH LIMITED (ASX.SO4)

ASX Announcements (courtesy of ASX)

201520162017201820192020202120222023

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names
CompanyFROMTO
SALT LAKE POTASH LIMITED02/12/2015
WILDHORSE ENERGY LIMITED02/12/2015
Shareholder links
Our website ranking of SO4: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Link Market Services Perth
Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000
Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000SO44
Address: Ground Floor, 239 Adelaide Terrace Perth WA 6000
Tel:  +61 8 6559 5800 Fax: +61 8 6559 5820

Date first listed: 03/11/2006

Sector: Materials
Industry Group: XEJ
Activities: Developing the Gold Fields Salt Lake Project in Western Australia

Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

01/08/2023

delisted by ASX under Listing Rule 17.12

31/07/2023

we understand ASX removed the company from listing because its securities have been suspended from quotation for a continuous period of two years

31/07/2023

At a Meeting of Creditors held on 2 December 2022, creditors of the Companies resolved to accept a Deed of Company Arrangement as proposed by Arredo Pty Ltd. The DOCA was executed on 22 December 2022.

22/12/2022

The DOCA between Australia Salt Lake Potash, Piper Preston and Sev.en GLobal Investments has today been wholly effectuated following satisfaction of the conditions precedent to the DOCA.

07/10/2022

The Administrators are seeking expressions of interest for the recapitalisation of ASX:SO4, and/ or the sale of its subsidiaries which hold several prospective exploration projects. This recapitalisation process does not include Australia Salt Lake Potash Pty Ltd and Piper Preston which own the Lake Way Project which is currently the subject of a share purchase sale agreement. Binding offers for the recapitalisation of ASX:S04 and/or the acquisition of its subsidiary interests are due by 30 October 2022.

06/10/2022

At a Meeting of Creditors held on 29 September 2022, the creditors of ASLP and PP resolved to accept a Deed of Company Arrangement as proposed by Sev.en Global Investments Pty Ltd. The DOCA was executed on 30 September 2022. The Deed Administrators of PP and ASLP are Martin Jones and Matthew Woods of KPMG. A copy of the DOCA and a circular to the PP and ASLP creditors is available on the KPMG website. At a meeting of creditors held on 30 September 2022 for the mentioned entities, the Chairperson adjourned the meeting for a period of up to 45 business days.

03/10/2022

At a Meeting of Creditors held on 29 September 2022, the creditors of ASLP and PP resolved to accept a Deed of Company Arrangement as proposed by Sev.en Global Investments Pty Ltd. The DOCA was executed on 30 September 2022. The Deed Administrators of PP and ASLP are Martin Jones and Matthew Woods of KPMG. A copy of the DOCA and a circular to the PP and ASLP creditors is available on the KPMG website. At a meeting of creditors held on 30 September 2022 for the mentioned entities, the Chairperson adjourned the meeting for a period of up to 45 business days.

03/10/2022

The Voluntary Administrators have released reports pursuant to section 438A of the Corporations Act and section 75-225(3) of the Insolvency Practice Rules for each of the Companies.

21/09/2022

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Friday, 19 August 2022 would have its securities suspended from Official Quotation before the commencement of trading on Monday, 22 August 2022. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023, and each entity's securities are already suspended from quotation. Under Listing Rule 17.15, any entity that has not paid its annual listing fees as required by Listing Rule 16.5 by 5.00 pm AEST on Friday, 26 August 2022 will be removed from the Official List with effect from the close of trading on Friday, 26 August 2022.

22/08/2022

The Receivers in conjunction with Macquarie Capital are commencing a process to sell the Group's flagship Lake Way Project or recapitalise the Group and are seeking expressions of interest from interested parties.

10/03/2022

The Administrators give notice that they rely on relief granted under ASIC Corporations Instrument 2015/251, which provides for the deferral of Financial Reporting obligations for a minimum period of 6 months from the date of appointment of Administrators and up to a maximum of 24 months if the Administration continues for longer than 6 months. Under the instrument all financial reporting obligations of the Company are deferred until at least 20 April 2022. The Company's AGM is deferred until at least 2 months from the date that the financial reporting relief ceases.

30/11/2021

Richard Tucker and Craig Shepard of KordaMentha were appointed as Receivers and Managers of each company in the Group on 20 October 2021 pursuant to security interests duly registered on the Personal Property Securities Register.

21/10/2021

The company releases a response to ASX Query Letter.

21/10/2021

On 20 October 2021 the directors of the Companies resolved that the Companies were insolvent or likely to become insolvent at some future time and that administrators should be appointed to the Companies. Martin Jones, Thomas Birch, Hayden White of KPMG Restructuring have been appointed as Voluntary Administrators of the Companies.

20/10/2021

The company requests that its securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to the Lake Way Project. The suspension is requested to be extended to 21 October 2021 at this stage.

07/10/2021

The company releases a notification of cessation of securities.

06/10/2021

The company lodges the following: Full Year Statutory Accounts and Appendix 4G and Corporate Governance Statement 2021.

01/10/2021

The company's AGM will be held on 26 November 2021. The closing date for receipt of nominations from persons wishing to be considered for election as a Director is 5 October 2021. Nominations must be received at the company's registered office no later than 5.00 pm (Perth time) on 5 October 2021.

29/09/2021

The company requests that its securities remain in suspension pending the finalisation and release of an announcement in relation to an update on the company's Lake Way Project. The suspension is to be extended to 7 October 2021 at this stage. The company is also responding to ASX queries.

23/09/2021

The company requests that its securities remain suspended pending the finalisation and release of an announcement in relation to an update on the company's Lake Way Project. The company requests the suspension to be extended to 13 September 2021 at this stage.

27/08/2021

The directors request that its securities remain in voluntary suspension pending the finalisation and release of an announcement in relation to an update on its Lake Way Project. The suspension is requested to be extended to 30 August 2021 at this stage.

13/08/2021

The company releases an Appendix 2A.

11/08/2021

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

30/07/2021

The Company will be implementing a revised ramp up strategy that involves suspending the initial plant feed programme following the processing of the first 90-110kt of harvest salts, to enable more salts to precipitate before commencing continuous harvesting activities. As a result of the revised pond ramp-up schedule and associated delayed plant feed salt availability, forecasted SOP production for FY'22 has been reduced and the Company will require further funding before the end of 2021 to continue operations at Lake Way. Discussions to resolve the funding shortfall have commenced and once complete and agreed will be announced to the market. The reduction in plant feed salt availability is expected to reduce primary SOP production in FY'22 from 165-185kt to 85-105kt. There is no anticipated impact on production levels in FY'23 and beyond, with full production run-rate from primary salts still anticipated in the June 2022 quarter.

29/07/2021

The securities of Salt Lake Potash Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SO4, pending the release of an announcement regarding a material update on its Lake Way Project.

29/07/2021

The suspension of trading in the securities of Salt Lake Potash Limited will be lifted immediately, following the release by SO4 of an announcement regarding SO4's resolution of debt financing and a capital raising.

11/12/2020

The company releases a notice of Proposed issue of Securities - SO4.

11/12/2020

The company releases an Investor Presentation.

11/12/2020

The company has received binding commitments for a successful share placement to institutional shareholders and investors to raise up to A$52.0 million. This equity raising enables the first drawdown of US$105 million under the Taurus/CEFC US$138 million Syndicated Facility Agreement in December 2020.

11/12/2020

The extension to the voluntary suspension is requested in connection with an update to the Company's resolution of debt financing and a capital raising intended to raise approximately A$48 million at $0.40 per share by way of placement with the ability to take oversubscriptions, and a share purchase plan to raise up to A$5 million. The Company requests that the voluntary suspension remain in place until the earlier of such time as it makes an announcement to the market in relation to the above and the commencement of trading on Friday, 11 December 2020.

10/12/2020

The securities of Salt Lake Potash Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SO4, pending the release of an announcement regarding an Update to the Company's resolution of debt financing and a capital raising.

03/12/2020

The securities of Salt Lake Potash Limited will be reinstated to official quotation from the commencement of trading today, 2 May 2017 following the release of an announcement regarding a capital raising.

02/05/2017

The company has received commitments from institutional and sophisticated investors in the United Kingdom and Australia to subscribe for 41 million new ordinary shares of the Company, to raise gross proceeds of $17,630,000. Proceeds from the Placement will be used for the planning and initial construction costs of a Pilot Plant at the Goldfields Salt Lakes Project, as well as ongoing resource investigation, process testwork, engineering and transport studies and working capital.

02/05/2017

The company lodges its March 2017 Quarterly Report.

01/05/2017

The securities of Salt Lake Potash Limited will be suspended from official quotation from the commencement of trading on Monday, 1 May 2017 at the request of the Company, pending the release of an announcement regarding a capital raising.

28/04/2017

The suspension of trading in the securities of Salt Lake Potash Limited will be lifted immediately following the release of an announcement regarding a share placement.

24/03/2016

Salt Lake Potash Limited is pleased to announce that further to the $5.2 million placement to Australian investors as announced 23 March 2016, it has received commitments from strategic and institutional overseas investors to subscribe for up to a further 9,925,000 ordinary shares of the Company at the same terms as the placement to Australian investors, increasing the fundraising by the Company to up to A$8,376,000 .

24/03/2016

Salt Lake Potash Limited is pleased to announce that it has successfully completed the domestic tranche of a placement of 16,250,000 ordinary shares of the Company at an issue price of $0.32 per share to institutional and sophisticated investors in Australia, to raise gross proceeds of $5,200,000. Baillieu Holst Limited and Argonaut Securities Pty Ltd acted as Joint Lead Manager to the Placement. The issue price of $0.32 represents a 12.0% discount to the 20-day VWAP.

23/03/2016

The securities of Salt Lake Potash Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

23/03/2016

name changed from Wildhorse Energy Limited

02/12/2015
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    12/02/2021Bryn Jones75,000$0.470$35,250
    19/03/2020Tony Swiericzuk363,053$0.355$128,733

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Ian MiddlemasChairman21/01/2010
    Isak BuitendagCEO15/11/2021
    Will LongworthCOO18/04/2017
    Clint McGhieCFO10/08/2018
    Stuart FraserCFO15/07/2021
    Phil MontgomeryIndependent Director19/10/2020
    Matthew SymeNon Exec Director09/04/2015
    Matt BungeyDirector14/05/2020
    Bruce FranzenCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Rebecca MorganDirector22/06/202122/10/2021
    Tony SwiericzukDirector05/11/201822/10/2021
    Peter ThomasIndependent Director19/10/202021/10/2021
    Bryn JonesNon Exec Director13/06/201704/05/2021
    Shaun DayCFO14/08/201918/12/2020
    Mark PearceNon Exec Director29/08/201419/10/2020
    Mark HohnenNon Exec Director19/02/201004/12/2017
    Jason BaverstockDirector13/06/2017
    Matt SwinneyManaging Director19/02/201029/08/2014
    Brett MitchellExecutive Director22/04/200929/08/2014
    James StraussDirector26/08/201029/08/2014
    Konrad WetzkerDirector28/03/201129/08/2014
    Johan BrandExecutive Director17/11/201025/07/2014

    Date of first appointment, title may have changed.