11th Nov 2024 15:19
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.
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. Due to the trading halt, Kore will apply for new 25.4 million shares to be admitted to trade on the London Stock Exchange's AIM, the JSE and ASE on or around November 18 rather than Monday this week. Kore said on Tuesday last week it had raised approximately USD900,000 through the issue of 25.4 million new shares.
Current stock price in London: 3.58 pence, up 2.3% on Monday
12-month change: multiplied from 0.45p on November 13, 2023
By Artwell Dlamini, Alliance News reporter
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