Source - Alliance News

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says shareholders have approved an equity fund raise at a general meeting held on Friday. Chair David Hathorn subscribes for 4.3 million shares for $60,000. Hathorn will hold a beneficial interest in 373.1 million shares, representing 8.6% of the issued share capital. This is part of a plan to raise around $1.3 million through a share subscription of 91.8 million new shares to certain existing shareholders, as well as new institutional and high net worth investors at 1.1 pence each.

Current stock price in Johannesburg: 49 rand cents, up 8.9% on Friday afternoon

12-month change: multiplies from 16 cents on August 25, 2023

Current stock price in London: 1.90 pence, up 1.3%

12-month change: multiplies from 0.61p on August 24, 2023

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Kore Potash PLC (KP2)

+0.05p (+1.85%)
delayed 16:57PM