Emmerson, the Moroccan focused potash development company, has secured a strategic investment of up to US$46.75m from a group of investors, with Shore Capital acting as Financial Adviser, Nomad and Joint Broker.
The funds will be used to support the development of the Khemisset Potash Project, making Emmerson well positioned to take advantage of the strongest fertiliser market in more than a decade and Morocco’s emerging position as a gateway to Africa.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Toby Gibbs / John More / James O’Neill
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Adele Gilbert: +44 (0)74 8477 8331
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.