Potash exploration and development company Kore Potash has bought two drill rigs and ancillary equipment from Equity Drilling for use in a prefeasibility study (PFS) drilling campaign at the DX project in Congo-Brazzaville. As consideration for the acquisition, 22-million new ordinary shares in the company are being issued to the vendor at a deemed price of 1.23p each, and the acquisition is line with the company’s strategy to undertake its development plans in a cost-effective manner.
