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Kore Potash raises $10.1m
Potash development company Kore Potash, which owns 97% of the Sintoukola (Kola) potash project, in Congo-Brazzaville, has conditionally raised about $10.1-million, before expenses, by way of a placing and direct subscriptions of new ordinary shares in the company at a price of 1.7p a share with certain eligible existing shareholders and new institutional and other investors. It expects to raise a further $500 000 from chairperson David Hathorn once the company’s closed period ends.
Potash development company Kore Potash, which owns 97% of the Sintoukola (Kola) potash project, in Congo-Brazzaville, has conditionally raised about $10.1-million, before expenses, by way of a placing and direct subscriptions of new ordinary shares in the company at a price of 1.7p a share with certain eligible existing shareholders and new institutional and other investors. It expects to raise a further $500 000 from chairperson David Hathorn once the company’s closed period ends.
