Kalium Lakes

Kalium Lakes Limited (ASX: KLL) is a sulphate of potash explorer and developer, developing its 100% owned Beyondie Sulphate of Potash Project located in the East Pilbara region of Western Australia (Beyondie Project).

BurnVoir acted as financial adviser and arranger to Kalium Lakes Limited to fund the development of Kalium’s 100% owned Beyondie Project.  Initially, BurnVoir managed the ASX listing of Kalium Lakes in 2016, arranging pre-IPO funding (A$6.5 million) and managing the Initial Public Offering (A$6.0 million).

Since then, BurnVoir has advised on and arranged over A$200 million in construction debt funding from Northern Australian Infrastructure Facility (NAIF), the German Bank KfW IPEX-Bank and the German export credit agency Euler Hermes.  BurnVoir also arranged A$15 million in working capital facilities and FX and interest rate hedging lines with Westpac Bank.

BurnVoir has advised on and arranged in excess of $115 million in equity funding for Kalium Lakes, including securing A$21 million cornerstone equity investment from Greenstone Resources in April 2019 and A$15 million participation by Greenstone Resources in the Institutional Placement and the Entitlement Offer undertaken in August 2019.

Overview

Date

2016-2019

Client

Kalium Lakes

Sector

Resources

Transaction Value

Over A$300M

Summary

Assisted Kalium Lakes (ASX:KLL) to fund the A$300M development of the Beyondie Sulphate of Potash Project.
Menu