Australian Potash Limited completed a capital raising of AU$0.5 million

Australian Potash Limited (ASX: APC) announced the successful completion of an AU$0.5 million capital raising through the issuance of Convertible Loans. This initiative presents a valuable opportunity for its investors. Each Convertible Loan has been issued at an attractive price of AU$1, ensuring accessibility for investors. Holders of Converting Loans can convert their investments into fully paid ordinary shares in the Company, subject to shareholder approval.

The conversion price will be set following the consolidation of the Company’s issued capital, which shareholders will vote on at the Annual General Meeting scheduled for 27 November 2024. Canaccord Genuity Limited expertly led this capital-raising initiative, emphasizing its commitment to responsible and strategic financial management.

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