Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Updates on draft non-binding financing term sheet regarding the funding for the development of its Kola project. Says it is still in negotiation with the Summit Consortium and expects to make a further announcement once discussions are completed. Adds that negotiations are expected to conclude "shortly". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Australian Securities Exchange on Thursday suspended its shares after failing to comply with the timeline to give details of its financing deal. Kore said on Monday it had received the draft financing proposal and draft non-binding term sheets for the Kola potash project in the Republic of Congo from the Summit Consortium, an investment group that represents investors and engineering firms. Kore has until May 31 to consider, negotiate if necessary, and settle on the terms. Read More
Jubilee Metals Group PLC - London-based metal processing company with projects in South Africa and Zambia - Says it is at the advanced stages on concluding the trials of the processing of various high-grade copper ores at its Roan copper concentrator plant in Zambia. The results from these trials will be used to select material for a targeted long-term supply agreement, it says. Expects the finalisation of the trials to be completed over the coming two weeks. Read More
(Alliance News) - Kore Potash PLC said on Wednesday it remains focused on completing the financing of the Kola potash project in the Republic of Congo. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Requests that the Australian Securities Exchange and the Johannesburg Stock Exchange immediately halt trading in its shares. Shares are suspended pending a further announcement on the financing deal. Trading on AIM will continue to trade as normal. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Receives the draft financing proposal and associated draft non-binding term sheets for the Kola potash project in the Republic of Congo from the Summit Consortium, an investment group that represents investors and engineering firms. Says the draft financing proposal and associated term sheets are comprehensive and cover the full funding requirement for the development of the Kola project. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Chair David Hathorn will subscribe for new shares at a price of 1.7 pence each for USD500,000 or around GBP380,000 via two separate trusts - Belle Terre Trust and Stapleford Trust. Hathorn's share subscription comes after Kore said on March 21 it had raised around USD10.1 million through a placing and subscription of new shares at 1.7 pence each to support development at its Kola potash project in the Republic of Congo. Hathorn owns 373.1 million shares or 7.7% in Kore. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Summit Consortium has delayed the non-binding financing term sheet for the Kola potash project in the Republic of Congo. The consortium is an investment group that represents investors and engineering firms. It intends to provide royalty and debt financing for Kola. Says the consortium was unable to finalise the financing term sheet by end of last month. Now expects terms of finance by mid-April or before the end of this month. Read More
(Correcting quote of Chair David Hathorn.) Read More
(Correcting the share price quotes are for Monday morning.) Read More
(Alliance News) - Kore Potash PLC on Monday said it intends to raise additional capital towards the end of this year after suffering another annual loss. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Extends the closing date of the offer of up to 500 Chess Depositary Interests, or CDIs, to May 31. Back in November lasy tea, Kore had said it intended to offer to certain investors to apply for up to 500 CDIs in the capital of the company at an issue price of AUD0.0543 each. CDIs allow non-Australian companies to list their shares. Read More
(Alliance News) - Kore Potash PLC on Friday said it has raised around USD10.1 million through a placing and subscription of new shares at 1.7 pence each, with the funds to support development at its Kola potash project in the Republic of Congo. Read More
(Alliance News) - Kore Potash PLC on Thursday estimated the costs to building its Kola project in Republic of Congo at USD2.0 billion. Read More
(Alliance News) - Kore Potash PLC on Thursday said it expects an official proposal next month from its Kola project's would-be financier, as engagement has continued with the government of Republic of Congo. Read More
(Alliance News) - Kore Potash PLC on Wednesday confirmed that it complied with listing rules of the Australian Securities Exchange over the engineering, procurement and construction contract for the Kola project. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the final engineering, procurement and construction contract for the Kola project has been signed in Brazzaville in the presence of the Mines Minister Pierre Oba on Tuesday. The suspension of shares on the Australian Securities Exchange and the Johannesburg Stock Exchange will be lifted, it says. Trading on the London Stock Exchange's AIM continues as normal as it was not temporarily suspended before the signing of contract. Late last month, Kore reached agreement with PowerChina International Group Ltd, finalising the engineering, procurement and construction contract. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says its shares remain suspended on the Australian Securities Exchange and the Johannesburg Stock Exchange. The company said on Thursday last week it had asked these stock exchanges to temporarily suspend its shares pending the formal signing of the engineering, procurement and construction contract. Says trading on the London Stock Exchange's AIM continues as normal. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Requests the Australian Securities Exchange and the Johannesburg Stock Exchange to immediately halt trading in its shares, pending the formal signing of the engineering, procurement and construction contract. Late last month, Kore reached agreement with PowerChina International Group Ltd, finalising the engineering, procurement and construction contract. It said at the time that Kore and PowerChina were working towards convening a date, set for November 19, for the signing ceremony with the minister of mines and other high officials in Congo. Read More