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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kore Potash Plc | LSE:KP2 | London | Ordinary Share | GB00BYP2QJ94 | ORD USD0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.52 | 0.50 | 0.54 | 0.52 | 0.52 | 0.52 | 500,000 | 07:33:41 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMKP2
RNS Number : 2774Y
Kore Potash PLC
08 September 2020
8 September 2020
Kore Potash Plc
("Kore Potash" or the "Company")
Confirmation of participation in Proposed Fundraise
Kore Potash, the potash exploration and development company, is pleased to report that as a result of its close period ending, the Company's significant shareholders, Sociedad Quimica y Minera de Chile S.A. ("SQM"), Princess Aurora Company Pte Ltd ("OIA") and Chairman, David Hathorn, have confirmed their participation in the proposed fundraise announced on 26 August 2020 (the "Proposed Fundraise"). Their participation in the Proposed Fundraise is set out below and is subject to the passing of the shareholder resolutions at the General Meeting of the Company to be held on 18 September 2020:
Hot Features
Premium
Number of existing Number of New Ordinary
Shareholder Ordinary Shares Shares
OIA 304,223,209 265,435,349
------------------- -----------------------
SQM(1) 296,896,737 260,598,591
------------------- -----------------------
David Hathorn 54,457,146 58,719,906
------------------- -----------------------
Note: 1) SQM's total number of ordinary shares upon completion of the Proposed Fundraise includes the Deferred Technical Services Agreement Shares. The full allotment of the Deferred Technical Services Agreement Shares is conditional on the completion of works pursuant to the Technical Services Agreement.
In addition, the Company has entered into the Technical Services Agreement with SQM for SQM to provide certain services to the Company (as described in the announcement on 25 August 2020).
For further information, please visit www.korepotash.com or contact:
Kore Potash Tel: +27 11 469 9140 Brad Sampson - CEO Tavistock Communications Tel: +44 (0) 20 7920 Jos Simson 3150 Edward Lee Canaccord Genuity - Nomad and Tel: +44 (0) 20 7523 Broker 4600 James Asensio Henry Fitzgerald-O'Connor Shore Capital - Joint Broker Tel: +44 (0) 20 7408 Jerry Keen 4050 Toby Gibbs James Thomas
**END**
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END
MSCUBRWRRSUKRAR
(END) Dow Jones Newswires
September 08, 2020 02:15 ET (06:15 GMT)
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