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29 Apr 2025 12:51
29 April 2025
KORE POTASH PLC
("Kore Potash" or "the Company")
Trading Halt, Draft non-binding financing Term-Sheet received
Kore Potash plc, the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, announces that the Company has requested the Australian Securities Exchange ("ASX") to immediately halt trading in the Company's shares quoted on the ASX in accordance with their rules and subsequently as a result of the ASX trading halt, also requested the JSE Limited ("JSE") in accordance with their rules to immediately halt trading in the Company's shares quoted on the JSE, pending a further announcement on the draft financing proposal and associated draft non-binding Term Sheets ("Term Sheets") for the Kola Project, from the Summit Consortium ("Consortium") (the "Trading Halt").
The Company's securities will accordingly not be traded on the ASX and JSE whilst the Trading Halt remains in place.
Trading in the Company's ordinary securities will continue to trade as normal on AIM, a market operated by the London Stock Exchange during this period.
The full version of the ASX announcement can be seen here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02940453-6A1261958&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4
This announcement has been approved for release by the Board.
For further information, please visit www.korepotash.com or contact:
Kore Potash Andre Baya, CEO | |
Andrey Maruta, CFO | Tel: +44 (0) 20 3963 1776 |
Tavistock Communications Nick Elwes Emily Moss
|
Tel: +44 (0) 20 7920 3150 |
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat Grant Barker | Tel: +44 (0) 20 7470 0470 |
Shore Capital - Joint Broker Toby Gibbs James Thomas | Tel: +44 (0) 20 7408 4050 |
Questco Corporate Advisory - JSE Sponsor Doné Hattingh | Tel: +27 (63) 482 3802 |
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