Proven Track Record

  • The Blencowe management team previously in February 2017 listed Emmerson plc in a similar transaction on the Official List, raising approximately £1m in total.
  • Emmerson was listed for the purposes of undertaking the acquisition of a business or asset in the natural resources sector.
  • In October 2017, Emmerson announced the 100% acquisition of a Moroccan potash development company called Moroccan Salts Limited for £10m.
  • The Khemisset Potash project (owned by Moroccan Salts) has a large potash JORC compliant resource of 311Mt at 10.2% K2O and will target the development of a low-capex high-margin mine.
  • In June 2018, the acquisition successfully completed, raising gross proceeds of £6m in a significantly over-subscribed placing.