RE: Placing Coming15 Jun 2024 14:17
LT... i do believe my 0.35p came to fruition... ask poor old Brad. Hathorn has made a killing here and will soon be on a beach...
On 22 March 2024 the Company raised US$530,000 via issue of five separate Convertible Loan Notes ("CLNs"). On 28 March 2024 the Company converted these CLNs into 109,865,053 new ordinary shares of US$0.001 each in the Company ("Subscription Shares") at a price of 0.38 pence per share ("Subscription Price").
On 28 March 2024 the Company also announced that David Hathorn, Chairman of Kore Potash conditionally subscribed for 31,093,883 new ordinary shares of US$0.001 each in the Company ("new Ordinary Shares") at a price of 0.38 pence per new Ordinary Share, for a total consideration of US$150,000 (the "Conditional Subscription"). The Conditional Subscription is subject to the approval of shareholders at a General Meeting ("GM") scheduled to be held on 13 May 2024.