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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: +44 (0) 20 3963 1776 |
Tavistock Communications Emily Moss Nick Elwes Josephine Clerkin | | Tel: +44 (0) 20 7920 3150 |
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat | | Tel: +44 (0) 20 7470 0470 |
Shore Capital - Joint Broker Toby Gibbs James Thomas | | Tel: +44 (0) 20 7408 4050 |
Questco Corporate Advisory - JSE Sponsor Doné Hattingh | | Tel: +27 63 482 3802 |
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