Kore Potash PLC ( (GB:KP2) ) has shared an announcement.
Kore Potash PLC has announced a successful fundraise of US$10.6 million, with Chairman David Hathorn participating by subscribing for new ordinary shares. This participation, through associated trusts, is considered a related party transaction and will provide an additional US$0.5 million in working capital. The move marks the end of a trading restriction for the company’s directors and senior management, potentially enhancing the company’s operational capacity and financial stability.
More about Kore Potash PLC
Kore Potash PLC is a potash exploration and development company with its flagship asset, the Sintoukola Potash Project, located in the Republic of Congo. The company focuses on developing potash resources, which are essential for agricultural fertilizers, thereby playing a significant role in the agricultural industry.
YTD Price Performance: -15.56%
Average Trading Volume: 977,429
Technical Sentiment Signal: Hold
Current Market Cap: £96.67M
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