Business
Proposed Fundraise to raise approximately US$11m
Proposed Fundraise to raise approximately US$11m.
About this update from Kore Potash Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8081U\n Kore Potash PLC\n 08 April 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\") AND THE SOUTH AFRICAN FINANCIAL MARKETS ACT 19 2012.\n \n \n \n \n \n THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n \n THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA AND NO SECURITIES HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT 1933, AS AMENDED OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION IN THE UNITED STATES OF AMERICA.\n \n \n \n \n \n THIS ANNOUNCEMENT MAY BE RELEASED, PUBLISHED OR DISTRIBUTED BY THE COMPANY FOR INFORMATION PURPOSES ONLY IN ACCORDANCE WITH ITS CONTINUOUS DISCLOSURE OBLIGATIONS UNDER APPLICABLE LAWS INCLUDING THE REQUIREMENTS OF THE JOHANNESBURG STOCK EXCHANGE AND THE AUSTRALIAN SECURITIES EXCHANGE.\n \n \n \n \n \n For immediate release\n \n \n \n \n \n 8 April 2021\n \n \n \n \n \n Kore Potash Plc \n \n \n (\"Kore Potash\" or the \"Company\")\n \n \n Proposed Fundraise to raise approximately US$11 million\n \n \n \n \n \n Kore Potash, the potash exploration and development company whose flagship asset is the 97%-owned Sintoukola Potash Project (\"Kola\" or the \"Kola Project\"), located within the Republic of Congo (\"RoC\"), today announces its intention to raise approximately US$\n 11 million, before expenses, by way of an unconditional placing (the \"Unconditional Placing\"), a conditional placing (the \"Conditional Placing\") (the Unconditional Placing and the Conditional Placing, together \"the Placing\") and direct subscriptions (\"Subscriptions\") of new ordinary shares (\"New Ordinary Shares\") in the Company at a price of 1.1 pence (equivalent to 2.0 Australian cents) (the \"Placing Price\") with certain eligib...