Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Updates on draft non-binding financing term sheet regarding the funding for the development of its Kola project. Says it is still in negotiation with the Summit Consortium and expects to make a further announcement once discussions are completed. Adds that negotiations are expected to conclude "shortly".
Current stock price in Johannesburg: 83 rand cents
12-month change: up 98%
By Christopher Ward, Alliance News reporter
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(Alliance News) - Kore Potash PLC said on Monday that a mines minister in the Republic of Congo had pledged for the company's Kola potash project.