Kropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, is pleased to confirm that it has made its quarterly draw down request under the equity facility with Kropz’s major shareholder, the ARC Fund (“ARC”). The Company has two equity facilities, with the first being for an amount of US$ 40 million (which cannot exceed ZAR 680 million) as announced on 13 May 2020 (“Original Equity Facility”) and the second for an amount of up to US$ 5 million (which cannot exceed ZAR 85 million) ("New Equity Facility"), as announced on 26 February 2021.
| 113.44 KBKropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, announces it hasKropz Plc (AIM: KRPZ), an emerging African phosphate explorer and developer, announces it hasentered into a new conditional convertible equity facility of up to US$ 5 million ("New Equity Facility"),with ARC Fund (“ARC”), the Company's major shareholder, in order to fund the ongoing work at theCompany’s Hinda phosphate project ("Hinda"), located in the Republic of the Congo ("RoC").
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