KORE POTASH PLC — Share Issue/Capital Change 2019

Jul 19, 2019

National Storage Mechanism | Additional information

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RNS Number : 1177G

Kore Potash PLC

19 July 2019

KORE POTASH PLC

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

Kore Potash plc, the potash development company whose flagship asset is the 97%-owned Sintoukola Potash Project ("Kola" or the "Project"), (Company) refers to the ASX announcement dated 19 July 2019 in relation to the issue of 646,914,254 new ordinary shares (Shares) in the capital of the Company (equivalent to 646,914,254 CHESS Depositary Interests (CDIs)) to certain eligible existing and new investors at £0.016 per Share to raise US$13,123,561 (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.

19 July 2019

ENDS

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

Kore Potash Brad Sampson - CEO		Tel: +27 11 469 9140
Tavistock Communications Jos Simson Edward Lee		Tel: +44 (0) 20 7920 3150
Canaccord Genuity - Nomad and Broker James Asensio Henry Fitzgerald-O'Connor		Tel: +44 (0) 20 7523 4600
Shore Capital - Joint Broker Jerry Keen Toby Gibbs Mark Percy		Tel: +44 (0) 20 7408 4050

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END

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