Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announces it has entered into a new conditional convertible equity facility of up to ZAR 177 million (approximately US$11 million) (“ZAR 177 Million Equity Facility”), with the ARC Fund (“ARC”), the Company's major shareholder, to fund the Company’s Elandsfontein phosphate project to first revenues from bulk concentrate sales.
| | 188.69 KBKropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, is pleased to confirm that, further to its announcement on 27 April 2022, the Company and the ARC Fund have completed the legal documentation in respect of the ZAR25 million bridge loan facility (the "Loan") and the Loan has been drawn down in full by the Company.
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