South Harz Potash Ltd (AU:SHP) has released an update.
South Harz Potash Ltd has concluded its entitlement offer, achieving an 18.2% subscription rate and raising A$541,096 in new equity. Despite a shortfall, the company is moving forward with strategic initiatives including the acquisition of the Sollstedt mine property and advancing stage 2 permitting for the Ohmgebirge Potash Development. Shareholders, particularly company directors, showed their support by participating in the equity raise and through direct subscriptions.
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