Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Says it has "conditionally" raised about USD12.2 million by way of direct subscriptions of new shares at 2.9 pence each. Subscribers include certain existing shareholders and new institutional investors. Plans to use the proceeds for working capital to implement its strategy for at least the next 12 months. Says it will also use proceeds to make final outstanding payment to PowerChina International Group Ltd for optimisation work undertaken in 2022 and 2023.
Current stock price in Johannesburg: 73 rand cents, up 7.4% on Thursday
12-month change: up 8.9%
Current stock price in London: 3.15 pence, up 8.6%
12-month change: up 5%
By Artwell Dlamini, Alliance News senior reporter South Africa
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(Alliance News) - Kore Potash PLC said on Wednesday it is focused on securing funding for the construction of its key potash project in the Republic o...


Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Agrees to acquire a 0.46% interest in Sintoukola Potash...


(Sharecast News) - Kore Potash said on Wednesday that its chairman, David Hathorn, would participate in its previously-announced $10.6m fundraise, sub...


Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Chair David Hathorn will subscribe for new shares at a ...


Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Summit Consortium has delayed the non-binding ...


(Correcting quote of Chair David Hathorn.)


(Correcting the share price quotes are for Monday morning.)


(Alliance News) - Kore Potash PLC on Monday said it intends to raise additional capital towards the end of this year after suffering another annual lo...


Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Extends the closing date of the offer of up to 500 Ches...


(Alliance News) - Kore Potash PLC on Friday said it has raised around USD10.1 million through a placing and subscription of new shares at 1.7 pence ea...