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Kore Potash PLC - ASX and JSE trading recommences

RNS Number : 2303Y
Kore Potash PLC
30 December 2019
 

30 December 2019

Kore Potash Plc

("Kore Potash" or the "Company")

ASX and JSE trading recommences

Further to the announcement made on 24 December 2019 regarding a suspension in trading in the Company's ordinary shares on the Australian Stock Exchange ("ASX") and the continued halt in trading on the Johannesburg Stock Exchange ("JSE"), the Company is now pleased to confirm trading has recommenced on both the ASX and JSE.

The halt in trading on ASX and JSE was due to the Company's announcement of 17 December entitled 'Projects Update' under RNS No 0176X (the "17 December Project Update Announcement") containing certain statements that ASX advised were not fully compliant with the ASX Listing Rules.

Accordingly, the Company has today issued a clarificatory statement announcement amending metrics relating to the Company's test work at the DX project, metallurgical test results, and capital optimisation programmes to satisfy ASX Listing Rules.

A link to the updated ASX announcements ("Project Update - Revised") can be found at https://www.asx.com.au/asx/statistics/announcements.do using the ASX code "KP2".

Within the ASX Update of 30 December the Company, whilst retracting certain comments at the request of the ASX, has additionally disclosed that recently acquired 2D seismic surveys information will be used as input data for an updated Mineral Resource Estimate to be undertaken early in Q1 2020. For detailed diagram of the drilling programme please refer to the Company website, http://www.korepotash.com/wp-content/uploads/2019/12/Figure-One.jpg

The Company is satisfied that the original 17 December Project Update Announcement was in accordance with the AIM Rules for Companies and accordingly is not seeking to provide any update to the announcement made on AIM under RNS 0178X and also notes some additional information provided above. The Company's ordinary shares have continued to trade on the London Stock Exchange uninterrupted during this period.

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 4090

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Kore Potash

Price: 1.2

Market: LSE
Market Cap: £18.5 m
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