Shares in Kore Potash PLC (AIM:KP2, ASX:KP2, JSE:KP2) fell 34% after it unveiled a discounted US$2.5 million fundraiser alongside the departure of its chief executive.
Brad Sampson will remain in situ until the end of next month and is departing to pursue other business interests, investors were told.
The fresh investment came by way of a stock subscription for 0.38p share with US$750,000 coming from chairman David Hathorn.
Kore controls the Kola and DX Potash projects in the Sintoukola Basin of the Republic of Congo.
At 9.38 am, the shares were changing hands for 0.37p, down 0.18p.