Kalium Lakes Ltd (AU:KLL) has released an update.
Kalium Lakes Limited faced operational challenges and financial difficulties, leading to the appointment of administrators and the suspension of trading on the ASX. A recapitalisation proposal by Alt Finance Pty Ltd was accepted by creditors, leading to a restructuring that included issuing new shares and appointing new directors. Despite these efforts, the company’s main subsidiaries for the Beyondie operation went into liquidation, and KLL shares remain suspended with plans to potentially return to trading.
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