Kropz PLC Drawdown on Bridge Loan Facility (9524B)
06 Octobre 2022 - 8:00AM
UK Regulatory
TIDMKRPZ
RNS Number : 9524B
Kropz PLC
06 October 2022
6 October 2022
Kropz Plc
("Kropz" or the "Company")
Drawdown on Bridge Loan Facility
Kropz Plc (AIM: KRPZ), an emerging African phosphate producer
and developer, announced on 30 September 2022 that it had entered
into a new bridge loan facility of ZAR 126 million (the "September
Loan") with its major shareholder, the ARC Fund, to meet immediate
cash requirements due to delays in the ramp up of operations at
Kropz Elandsfontein (Pty) Ltd.
The first draw down on the September Loan for an amount of ZAR
60.5 million is being made today.
Kropz and ARC Fund are currently working on a comprehensive
funding structure to finance any further funding requirements in
Kropz. The Company will provide further updates in due course.
For further information visit www.kropz.com or contact:
Kropz Plc Via Tavistock
+44 (0) 207
Mark Summers (CEO) 920 3150
Grant Thornton UK LLP Nominated
Adviser
Samantha Harrison
Harrison Clarke
George Grainger +44 (0) 20
Ciara Donnelly 7383 5100
Hannam & Partners Broker
Andrew Chubb +44 (0) 20
Ernest Bell 7907 8500
Tavistock Financial
PR & IR (UK)
Nick Elwes +44 (0) 207
Jos Simson 920 3150
Emily Moss kropz@tavistock.co.uk
R&A Strategic Communications PR (South
Africa)
Charmane Russell +27 (0) 11
880 3924
charmane@rasc.co.za
About Kropz Plc
Kropz is an emerging African producer and developer of plant
nutrient feed minerals with phosphate projects in South Africa and
in the Republic of Congo. The vision of the Group is to become a
leading independent phosphate rock producer and to develop into an
integrated, mine-to-market plant nutrient company focusing on
sub-Saharan Africa.
-ENDS-
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END
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October 06, 2022 02:00 ET (06:00 GMT)
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