South Harz Potash Ltd Announces Capital Raise

South Harz Potash Ltd (AU:SHP) has released an update.

South Harz Potash Ltd has announced an entitlement issue aiming to raise approximately $2.97 million by offering shareholders one new share for every three shares held at a price of $0.01 each. This capital raising initiative is considered highly speculative and is targeted only at eligible shareholders, excluding certain overseas jurisdictions. Investors are encouraged to consult their professional advisers and consider the company’s continuous disclosure obligations and publicly available information before making an investment decision.

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