Hathorn to contribute $500 000 to Kore’s fundraising
London-listed potash exploration and development company Kore Potash has reported that, following the publication of the company's 2024 annual report, the restriction of the company's directors and senior management from trading in the company's shares has ceased and chairperson David Hathorn will now subscribe for $500 000 of new ordinary shares of $0.001 each in the company.
As outlined in the announcement dated March 21, Hathorn will subscribe for new ordinary shares at a price of 1.7p a share through two separate trusts, the Belle Terre Trust and Stapleford Trust.
As previously reported by Mining Weekly, Kore 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.
At the time, it said it expected to raise a further $500 000 from Hathorn once the company’s closed period ends, to take the overall fundraise to $10.6-mlllion.
The proceeds of the fundraise will be used for payment to PowerChina International Group for outstanding payment on 2022 and 2023 optimisation work and the early works agreement; for an environmental- and social-impact assessment update; advisory and legal costs; as well as working capital and fundraising costs.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
