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African Potash secures 4.74% slice in mining investor Blenheim

Aim-listed exploration company African Potash has subscribed for 8.75-million ordinary shares at a price of 0.8 pence per ordinary share in the enlarged share capital of Blenheim Natural Resources, securing a 4.74% stake in the mining investment group. As part of this placing, African Potash chairperson Chris Cleverly has joined the board of Blenheim as a nonexecutive director.