- Placement of 2,000,000 shares and 1,000,000 unlisted options;
- Proceeds of the placement to be directed to ongoing project development activities at the Dandaragan Trough Project;
- Refund of $547,000 from the Australian Tax Office.
Dandaragan Trough Project
The significant phosphate potential contained within the Dandaragan Trough Project in Western Australia continued to be a major area of focus for Potash West NL (ASX:PWN) during the December 2013 quarter.
On November 12 Potash West announced it had completed a placement of 2,000,000 shares and 1,000,000 unlisted options at a price of 10c per share, plus ½ option to raise $200,000.00 before costs.
Proceeds of the placement are being directed to ongoing project development activities at its world-class Dandaragan Trough single super phosphate and potash projects, north of Perth in Western Australia.
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