ASX Release 26 April 2016
Danakali Limited (ASX:DNK) (“Danakali” or the “Company”)
advise that an off-market transaction of approximately 8.3m shares was
completed today. The transaction allowed Sprott Asset Management LP
to divest its remaining securities in DNK to allow it to focus on investments
that are better aligned to its corporate strategy.
This is a mutually beneficial outcome that facilitates a structured exit
for Sprott with a single transaction.
The stock was purchased by a consortium of twelve sophisticated investors.
The transaction price was $0.23 which represents a 4.6 % discount to the
30 day VWAP and a 4.5% premium to the most recent raising which was
completed on the 30th March 2016.