Sirius Minerals has decided to suspend the proposed offer by its wholly owned subsidiary of US$500 million of senior secured notes due 2027 previously announced by RNS on 19 July 2019 due to current market conditions.
The company intends to revisit the market when conditions have improved later this quarter.
The proceeds of the offering were intended to be used, together with proceeds from the other elements of the Stage 2 Financing, to fund the construction and development of a polyhalite mine, located in North Yorkshire in the UK.