African Potash Limited ('African Potash' or the 'Company')
Issue of Convertible Security
African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, announces that on 14 August 2014 it issued a convertible security with the nominal value of US$830,000 (at the purchase price of US$750,000) pursuant to, and on and subject to the terms and conditions set out in, the convertible securities issuance deed dated 7 August 2014, the details of which were disclosed to the market on 8 August 2014.
African Potash was established to invest in/acquire potash assets or projects in sub-Saharan Africa. The Directors believe the fundamentals of the global potash market, a key source of potassium fertiliser, represent a compelling opportunity to create shareholder value.
The Company is currently focused on the Lac Dinga Project in the Republic of Congo and has a highly experienced Board with a proven track record in identifying, operating and developing resource projects in Africa.
This information is provided by RNS
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