Kore Potash announces $10.6m fundraise with chairman's participation

Kore Potash has successfully concluded a fundraise, bolstered by Chairman David Hathorn's subscription for new ordinary shares. Hathorn will subscribe for new ordinary shares at a price of 1.7 pence per share for a total consideration of US$0.5 million (£0.38 million) via two separate trusts, the Belle Terre Trust and Stapleford Trust. Each trust will receive 11,322,464 new ordinary shares of US$0.001.