The placement will consist of 2.4 million units priced at $2.60 each. A unit will consist of one share and half a warrant. One whole warrant will entitle the holder to buy an additional share at $3.10 in the first year, or at $3.60 in the second.
The private placement was arranged with Rothschild Australia Golden Arrow Investors, which will buy 2 million units, and a German investment fund, which will buy 400,000.
The Thai government retains a 10% carried interest in the potash project.
In May,
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