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KORE POTASH PLC - Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

Release Date: 21/09/2020 08:00
Code(s): KP2     PDF:  
Wrap Text
Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

   Kore Potash plc
   (Incorporated in England and Wales)
   Registration number 10933682
   ASX share code: KP2
   AIM share code: KP2
   JSE share code:KP2
   ISIN: GB00BYP2QJ94
   (“Kore Potash” or the “Company”)

                    Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

   Kore Potash, the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project
   (“Kola” or the “Project”), refers to the ASX announcement dated 26 August 2020 in relation to the issue of
   882,688,876 new ordinary shares (Shares) in the capital of the Company (equivalent to 882,688,876 CHESS
   Depositary Interests (CDIs)) to certain eligible existing and new investors at 0.65p per Share to raise
   approximately US$7.5 million (Placement Shares).

   The Placement Shares were issued today and rank equally with the Company’s existing ordinary shares on issue.
   On conversion of the Placement 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) (Corporations Act) as
   modified by ASIC Class Order 14/827 that:

    •   the Placement 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
21 September 2020
JSE Sponsor: Rencap Securities (Pty) Limited



                    For further information, please visit www.korepotash.com or contact:

    Kore Potash                                                           Tel: +27 11 469 9140
    Brad Sampson – CEO

    Tavistock Communications                                              Tel: +44 (0) 20 7920 3150
    Jos Simson
    Edward Lee

    Canaccord Genuity – Nomad and Broker                                  Tel: +44 (0) 20 7523 4600
    James Asensio
    Henry Fitzgerald-O’Connor
Shore Capital – Joint Broker   Tel: +44 (0) 20 7408 4050
Jerry Keen
Toby Gibbs
James Thomas

Date: 21-09-2020 08:00:00
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