23 April 2021 | 09:24am
StockMarketWire.com - Potash development company Kore Potash said it pursuing the opportunity presented by the Summit Consortium to potentially fund for the construction of its Kola project would remain its focus for the next 12 months.
The company said it recent conditional fundraise - of approximately $12.5 million - puts it on a firm financial footing to complete its portion of the work needed on Kola for optimisation and beyond. The company is excited at the opportunity presented to us by the Summit Consortium to potentially finance the construction of the world class Kola Project. Pursuing this opportunity is the company s focus over the next 12 months, the company said.
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ( UK MAR ) AND THE SOUTH AFRICAN FINANCIAL MARKETS ACT 19 2012. THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA AND NO SECURITIES HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT 1933, AS AMENDED OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION IN THE UNITED STATES OF
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ( UK MAR ) AND THE SOUTH AFRICAN FINANCIAL MARKETS ACT 19 2012. THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFERING OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA AND NO SECURITIES HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT 1933, AS AMENDED OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION IN THE UNITED STATES OF
7 April 2021 (Last Updated April 7th, 2021 10:11)
Kore Potash has signed a memorandum of understanding (MoU) with Summit Africa to arrange financing for the construction of the Kola potash project in the Republic of Congo (RoC).
The Summit consortium will undertake an optimisation study for the Kola potash project. Credit: Bek Greenwood from Pixabay.
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Kore Potash has signed a memorandum of understanding (MoU) with Summit Africa to arrange financing for the construction of the Kola potash project in the Republic of Congo (RoC).
Alternative investment group Summit represented a consortium of investors and engineering firms.
Consortium members include Sepco Electric Power Construction, China ENFI Engineering, and BRP Global.
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