Kore Potash PLC ASX Cleansing Announcement (4353V)
April 14 2021 - 3:34AM
UK Regulatory
TIDMKP2
RNS Number : 4353V
Kore Potash PLC
14 April 2021
14 April 2021
Kore Potash Plc
( "Kore Potash" or the "Company")
ASX Cleansing Announcement
This announcement has been lodged in accordance with Australian
law.
Kore Potash plc, the potash development company whose flagship
asset is the 97%-owned Sintoukola Potash Project, (Company) refers
to its ASX announcement dated 9 April 2021 titled "Results of
Proposed Fundraise" in relation to the issue of 363,165,226 new
ordinary shares (Shares) in the capital of the Company (equivalent
to 363,165,226 CHESS Depositary Interests (CDIs)) to certain
eligible existing and new investors at GBP0.011 (equivalent to
A$0.02) per Share to raise approximately US$5.5 million under the
first tranche of the placement announced to ASX on 8 April 2021
(Placement Shares). The Placement Shares were admitted to trading
on 14 April 2021.
The Company also issued 2,353,296 Shares (equivalent to
2,353,296 CDIs), comprising 1,103,296 Shares issued to certain
Non-Executive Directors in lieu of cash fees (Director Remuneration
Shares) and 1,250,000 Shares following unconditional vesting on 29
March 2021 of certain performance rights (Performance Rights
Shares). The Director Remuneration Shares and Performance Rights
Shares were issued on 9 April 2021.
The Placement Shares, as well as the Director Remuneration
Shares and the Performance Rights Shares, rank equally with the
Company's existing ordinary shares on issue. On conversion of any
of these Shares to CDIs, those CDIs will rank equally with all
other CDIs on issue.
The Company gives notice under section 708A(5)(e) of the
Corporations Act 2001 (Cth) as modified by ASIC Class Order 14/827
(Corporations Act) that:
-- the Placement Shares, the Director Remuneration Shares and
the Performance Right Shares were issued without disclosure to
investors under Part 6D.2 of the Corporations Act;
-- as at the date of this notice, the Company has complied with:
- section 601CK of the Corporations Act, as it applies to the Company; and
- section 674 of the Corporations Act; and
-- as at the date of this notice, there is no "excluded
information" within the meaning of sections 708A(7) and 708A(8) of
the Corporations Act which is required to be disclosed under
section 708A(6)(e) of the Corporations Act.
Authorised for release by the Board of Directors.
ENDS
For further information, please visit www.korepotash.com or
contact:
Kore Potash Tel: +27 11 469 9140
Brad Sampson - CEO
Canaccord Genuity - Nomad and Joint Tel:+44 (0) 20 7523
Broker 4600
Henry Fitzgerald-O'Connor
James Asensio
Angelos Vlatakis
Tavistock Communications Tel: +44 (0) 20 7920
Jos Simson 3150
Edward Lee
Shore Capital - Joint Broker Tel: +44 (0) 20 7408
Jerry Keen 4050
Toby Gibbs
James Thomas
Questco Corporate Advisory - JSE Tel: +27 (11) 011
Sponsor 9208
Mandy Ramsden
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END
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April 14, 2021 04:34 ET (08:34 GMT)
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