Kore Potash PLC Extension of Cleansing Prospectus Offer Period

RNS Number : 1782V

Kore Potash PLC

30 January 2025

 

30 January 2025

 

Kore Potash Plc

("Kore Potash" or "the Company")

 

Extension of Cleansing Prospectus Offer Period

 

Kore Potash (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2), the potash development company with 97% ownership of the Kola Potash Project ("Kola" or the "Kola Project") and Dougou Extension ("DX") Potash Project in the Sintoukola Basin, located in the Republic of Congo ("RoC"), refers to the offer to certain investors to apply for up to 500 CDIs in the capital of the Company at an issue price of AUD0.0543 per CDI as announced in its Cleansing Prospectus dated 22 November 2024 ("Offer").

 

Kore Potash advises that the Directors have resolved to extend the Closing Date of the Offer to 5.00pm (Sydney time) on 31 March 2025, subject to the right of the Company to close the Offer early or further extend the Closing Date.

 

The revised timetable for the Offer is set out below:

 

Action	Date
Lodgement of Prospectus with ASIC and ASX	22 November 2024
Opening Date	22 November 2024
Closing Date*	5.00pm (Sydney time) on 31 March 2025

 

* These dates are indicative only and may change without notice. The Directors reserve the right to bring forward or extend the Closing Date at any time after the Opening Date without notice. As such, the date the CDIs are expected to commence trading on ASX may vary with any change in the Closing Date.

As set out in the Cleansing Prospectus, the primary purpose of the Cleansing Prospectus is to remove any trading restrictions on the sale of any securities issued by the Company without disclosure under Chapter 6D of the Corporations Act 2001 (Cth) prior to the Closing Date.

 

Authorisation and Additional Information

This announcement was authorised by the Board of Kore Potash plc.

 

For further information, please visit www.korepotash.com or contact:

 

 

ENDS

 

 

 

Kore Potash André Baya, CEO Andry Maruta, CFO		Tel: [phone]
Tavistock Communications Emily Moss Nick Elwes Josephine Clerkin		Tel: [phone]
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat		Tel: [phone]
Shore Capital - Joint Broker Toby Gibbs James Thomas		Tel: [phone]
Questco Corporate Advisory - JSE Sponsor Doné Hattingh		Tel: [phone]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCUKRBRVAUAUAR