REG - Kore Potash PLC - Trading Halt

Kore PotashAnnouncement

Tue 13:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250429:nRSc6622Ga&default-theme=true

RNS Number : 6622G  Kore Potash PLC  29 April 2025

29 April 2025

 

KORE POTASH PLC

("Kore Potash" or "the Company")

Trading Halt, Draft non-binding financing Term-Sheet received

 

Kore Potash plc, the potash development company with 97% ownership of the Kola
and DX Potash Projects in the Sintoukola Basin, located in the Republic of
Congo, announces that the Company has requested the Australian Securities
Exchange ("ASX") to immediately halt trading in the Company's shares quoted on
the ASX in accordance with their rules and subsequently as a result of the ASX
trading halt, also requested the JSE Limited ("JSE") in accordance with their
rules to immediately halt trading in the Company's shares quoted on the  JSE,
pending a further announcement on the draft financing proposal and associated
draft non-binding Term Sheets ("Term Sheets") for the Kola Project, from the
Summit Consortium ("Consortium") (the "Trading Halt").

 

The Company's securities will accordingly not be traded on the ASX and JSE
whilst the Trading Halt remains in place.

 

Trading in the Company's ordinary securities will continue to trade as normal
on AIM, a market operated by the London Stock Exchange during this period.

 

The full version of the ASX announcement can be seen here:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02940453-6A1261958&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4
(https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02940453-6A1261958&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4)

 

 

 

This announcement has been approved for release by the Board.

 

For further information, please visit www.korepotash.com
(http://www.korepotash.com/) or contact:

 Kore Potash

 Andre Baya, CEO
 Andrey Maruta, CFO                             Tel: +44 (0) 20 3963 1776
 Tavistock Communications

 Nick Elwes    Emily Moss                       Tel: +44 (0) 20 7920 3150

 SP Angel Corporate Finance - Nomad and Broker  Tel: +44 (0) 20 7470 0470

 Ewan Leggat

 Charlie Bouverat

 Grant Barker
 Shore Capital - Joint Broker Toby Gibbs        Tel: +44 (0) 20 7408 4050

 James Thomas
 Questco Corporate Advisory - JSE Sponsor       Tel: +27 (63) 482 3802

 Doné Hattingh

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZGZDMLRGKZM