Shore Capital acts as Joint Broker and Bookrunner on US$8m placing for Kore Potash
Kore Potash Plc (“Kore Potash”) the potash exploration and development company whose flagship asset is the 97%-owned Sintoukola Potash Project located within the Republic of Congo, has successfully raised US$8m at a price of 0.65p per new Ordinary Share, with Shore Capital acting as the company’s Joint Broker and Bookrunner.
The company plans to use the proceeds of the fundraise for the first phase of the DFS on its Dougou Extension Project.
Completion of the fundraise remains subject to, inter alia, the release of Kore Potash’s H1 2020 interim results on or around 10th September, and, shareholder approval of certain resolutions to authorise the issue of new shares.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
For Shore Capital media enquiries, please contact:
Adele Gilbert: +44 (0)74 8477 8331
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK and Europe.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.