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Kore Potash bosses dip into their own pockets as part of US$13mln financing

Chairman David Hathorn and chief executive Brad Sampson have both invested their own money into Kore

businessman throwing money
Kore’s flagship project is its 97%-owned Sintoukola potash project in the Republic of Congo

Two of the top brass at Kore Potash PLC (LON:K2P) have poured in their own money as part a £10.5mln (US$13.1mln) fundraising round.

New and existing investors subscribed for a total of 646.9mln shares at a price of 1.6p per share.

Among the participants was Kore’s chairman, David Hathorn, who spent £315,000 buying 19.2mln shares, and chief executive Brad Sampson, who subscribed for 2.5mln shares, costing him just shy of £40,000.

In a separate announcement, Kore confirmed CEO Sampson has been issued with 26.9mln share options, which can be exercised at a price of 2.2p.

Quick facts: Kore Potash

Price: 1.2 GBX

LSE:KP2
Market: LSE
Market Cap: £18.19 m
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