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DJ African Potash Ltd.: Temporary Suspension

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 African Potash Ltd. (AFPO) 
African Potash Ltd.: Temporary Suspension 
 
21-Apr-2017 / 16:00 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
The information communicated within this announcement is deemed to 
constitute inside information as stipulated under the Market Abuse 
Regulations (EU) No. 596/2014. Upon the publication of this announcement, 
this inside information is now considered to be in the public domain. 
 
21 April 2017 
 
*AFRICAN POTASH LIMITED* 
('African Potash' or the 'Company') 
 
*Temporary Suspension* 
 
African Potash announces that, on 11 April 2017, the Company signed a Letter 
of Intent ('LOI') in connection with the proposed acquisition by the Company 
of Onshore Energy Limited ('OEL'), a private investment company that invests 
in unquoted companies (the 'Acquisition'). 
 
If completed, the Acquisition would constitute a Reverse Takeover under the 
NEX Exchange Growth Market Rules for Issuers, requiring, amongst other 
things, approval by the Company's shareholders. The Acquisition would also 
constitute a related party transaction as Chris Cleverly, Executive 
Chairman, of the Company is also a director and shareholder of OEL. 
 
In order to progress the Acquisition and provide African Potash with working 
capital required to maintain its existing operations, the Company is 
required to raise additional funds. These funds are material in the context 
of the Company and its current financial position. 
 
Accordingly, African Potash has requested that trading in the Company's 
shares be suspended pending a further announcement. Such an announcement 
will be made as soon as practicable. 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
For further information, please contact: 
 
+------------------------------------+--------------------+ 
|African Potash Limited              |                    | 
+------------------------------------+--------------------+ 
|Chris Cleverly                      |+44 (0) 20 7408 9200| 
+------------------------------------+--------------------+ 
|                                    |                    | 
+------------------------------------+--------------------+ 
|NEX Exchange Corporate Adviser      |                    | 
|Peterhouse Corporate Finance Limited|                    | 
+------------------------------------+--------------------+ 
|Guy Miller and Mark Anwyl           |+44 (0) 20 7469 0930| 
+------------------------------------+--------------------+ 
 
Language:      English 
ISIN:          GG00B4QYTJ50 
Category Code: MSCM 
TIDM:          AFPO 
Sequence No.:  4083 
 
End of Announcement EQS News Service 
 
566361 21-Apr-2017 
 
 

(END) Dow Jones Newswires

April 21, 2017 11:01 ET (15:01 GMT)