Business
Notice of GM
Notice of GM.
About this update from Kore Potash Plc
[{"type":"text","content":"\n\n \n23 July 2024\nKore Potash Plc\n(\"Kore Potash\" or the \"Company\")\nNotice of General Meeting\n \nFurther to the announcement on 1 July 2024 (the \"Fundraising Announcement\") regarding the outcome of a fundraise to raise US$1,281,000 in aggregate, of which US$1,221,000 was raised through the issue of 87,503,183 new ordinary shares of US$0.001 each in the Company (\"Unconditional Subscription Shares\") to certain eligible existing and new shareholders at a price of 1.1 pence per share (the \"Subscription Price\") and US$60,000 which will be raised, conditional on the approval of the Company's shareholders (\"Shareholders\") at a general meeting of the Company, to issue 4,299,454 new ordinary shares US$0.001 each in the Company (\"Conditional Subscription Shares\") (the \"Fundraise\"). Kore Potash, the potash exploration and development company whose flagship asset is the 97%-owned Sintoukola Potash Project located within the Republic of Congo, today announces that it will be holding a general meeting of shareholders (the \"General Meeting\") on 23 August 2024 at 10am UK time. A circular containing the formal notice of the General Meeting will shortly be dispatched to the Shareholders (the \"Circular\").\n \nFull details of the General Meeting and each of the resolutions to be put before the meeting can be found in the Circular which will be available at www.korepotash.com.\nAs explained in the Company's announcement of 1 July 2024, completion of the Conditional Subscription is subject to the Shareholders approving certain resolutions (including for the purposes of ASX Listing Rules 7.1 and 10.11) to authorize the issue of the Conditional Subscription Shares.\nDavid Hathorn, Chairman of the Company participated in the Fundraise via two separate trusts of US$30,000 each, which, if approved at the General Meeting, will result in the issue of 4,299,454 new ordinary shares of US$0.001 each in the Company (\"New Shares\").\n\n\nAccordingly, the General Meeting is being held to seek shareholder approval of, amongst other matters, the issue of the 4,299,454 New Shares at an issue price of 1.1 pence (0.021 Australian cents) per New Share as described above for Mr Hathorn.\n \nRelated party transaction\n \nDavid Hathorn is a director of the Company and the proposed issue of 4,299,454 New Shares to th...