JOHANNESBURG (miningweekly.com) – Aim-listed African Potash has extended the placing of new ordinary shares to raise funds to redeem outstanding convertible securities and for the group's ongoing working capital requirements.
The exploration company would, by Friday, issue a further 25-million new shares at 0.3p apiece, raising about £75 000.
This was in addition to the 183-million new ordinary shares placed in April to raise £1.2-million.
The total number of voting rights in the company, following the issue of the additional shares and the subsequent placing shares would be 743-million.