Last checked at 26 Apr 2018 15:40
26 April 2018
Kore Potash Plc
("Kore Potash" or the "Company")
Admission Document Disclosures
Kore Potash notes the recently published TR-1 notification from Harlequin Investments Ltd ("Harlequin") and confirms that based on the information provided by Harlequin, the interests as set out on page 390 of the Company's admission document dated 26 March 2018 ("Admission Document"), were incorrect.
Prior to Admission, Harlequin had an interest of 103,500,000 ordinary shares (13.42% of issued ordinary shares) and not 102,938,608 ordinary shares as stated in the Admission Document. Harlequin did not subscribe nor receive any ordinary shares or equity warrants in the placing in conjunction with the Admission Document ("Placing"), as opposed to the Admission Document which states that Harlequin received 4,863,828 ordinary shares and 750,000 equity warrants in the Placing. As such, following Admission, Harlequin's interest was 103,500,000 ordinary shares, representing 12.05% of issued ordinary shares.
The placing of 4,863,828 ordinary shares and 750,000 equity warrants as part of the Placing was received by David Stevens, a beneficiary but not associate of Harlequin in their own personal capacity.
ENDS
For further information, please visit www.korepotash.com or contact:
Kore Potash Sean Bennett - CEO
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| Tel: +27 11 469 9140
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Tavistock Communications Jos Simson Edward Lee
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| Tel: +44 (0) 20 7920 3150
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Canaccord Genuity - Nomad and Broker Martin Davison James Asensio
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| Tel: +44 (0) 20 7523 4600
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Fivemark Partners Michael Vaughan |
| Tel: +61 422 602 720
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About Kore Potash
Kore Potash (ASX: KP2, AIM: KP2 and JSE: KP2) is an advanced stage mineral exploration and development company whose primary asset is 97%-owned Sintoukola Potash S.A. (SP) in the RoC. SP has 100% ownership of the Kola Mining Lease within which the Company's lead project, the Kola Sylvinite deposit, is located. SP also has 100% ownership of the Dougou Mining Lease within which the Dougou Carnallitite Deposit and the Dougou Extension Prospect are situated.
These projects are easily accessed, being located approximately 80 km to the north of the city of Pointe Noire and within 30 km from the Atlantic coast. The Projects have the potential to be among the world's lowest-cost potash producers and their location near the coast offers a transport cost advantage to global fertilizer markets.