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Extension of Cleansing Prospectus Offer Period

30th Jan 2025 07:30

RNS Number : 1782V
Kore Potash PLC
30 January 2025
 

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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