23rd Aug 2024 16:37
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 USD60,000. 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 USD1.3 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
By Artwell Dlamini, Alliance News reporter
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