Kazakhstan Potash Corporation (ASX:KPC) has agreed to extend the $20 million share subscription agreement to Hillot Limited, a wholly-owned subsidiary of Burwill Holdings Limited (HKG:0024), to the end of this year.
Hillot, which has already paid a $6 million deposit, may also acquire KPC shares prior to 30th November 2015.
In May, Burwill agreed to subscribe for 100 million shares priced at $0.20. This was followed by an additional agreement in June to raise $6 million.
KPC had $4.2 million in cash as at 30th June 2015.
