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DJ African Potash Ltd.: Termination of discussions re proposed acquisition

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 African Potash Ltd. (AFPO) 
African Potash Ltd.: Termination of discussions re proposed acquisition 
 
20-Oct-2017 / 17:11 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. 
 
                                                             20 October 2017 
 
                           AFRICAN POTASH LIMITED 
 
                    ("African Potash" or the "Company") 
 
             Termination of discussions re proposed acquisition 
 
   On 21 April 2017, African Potash announced that it had 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'). 
 
  In light of the recent progress made with the Company's African fertilizer 
                                              business, the Board has agreed 
 
                 that there would be no benefit in pursuing the acquisition. 
 
  The Directors of the Company accept responsibility for the content of this 
                                                               announcement. 
 
                                  **ENDS** 
 
      For further information visit www.africanpotash.com [1] or contact the 
                                                                  following: 
 
                                    For further information, please contact: 
 
                                                      African Potash Limited 
 
                                         Chris Cleverly +44 (0) 20 7408 9200 
 
                                                      NEX CORPORATE ADVISER: 
 
                                          Alexander David Securities Limited 
 
                         David Scott -Corporate Finance +44 (0) 20 7448 9820 
 
                     James Dewhurst - Corporate Broking +44 (0) 20 7448 9820 
 
ISIN:          GG00B4QYTJ50 
Category Code: OTT 
TIDM:          AFPO 
Sequence No.:  4771 
 
End of Announcement EQS News Service 
 
621069 20-Oct-2017 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7cfd933424f56031988753a0aea19d9b&application_id=621069&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

October 20, 2017 12:14 ET (16:14 GMT)