REG - Kazera Global PLC - Appointment of Nominated Adviser and Broker

Kazera GlobalAnnouncement

02/12/2024 07:00

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RNS Number : 2765O  Kazera Global PLC  02 December 2024

2 December 2024

Kazera Global plc

("Kazera" or the "Company")

 

Appointment of Nominated & Financial Adviser and Broker

 

Kazera Global plc (AIM: KZG), the AIM-quoted investment company, announces
that it has appointed Strand Hanson Limited as Nominated & Financial
Adviser and Broker to the Company with immediate effect.

 

Additional information is disclosed below pursuant to AIM Rule 17 and Schedule
2(g) of the AIM Rules for Companies.

 

**ENDS**

 

For further information, please visit the Company's website at
www.kazeraglobal.com (http://www.kazeraglobal.com) or contact:

 

 Kazera Global plc                                                     kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 Dennis Edmonds, CEO
 Strand Hanson Limited (Nominated & Financial Adviser and Broker)      Tel: +44 (0)207 409 3494

 Christopher Raggett / Ritchie Balmer
 St Brides Partners (Financial PR)                                     kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 Paul Dulieu / Isabel de Salis

 

About Kazera Global plc

Kazera is a global investment company focused on leveraging the skills and
expertise of its Board of Directors to develop early-stage mineral exploration
and development assets towards meaningful cashflow and production. Its three
principal investments are as follows:

 

Alluvial diamond mining through Deep Blue Minerals (Pty) Ltd, Alexander Bay,
South Africa

Kazera currently has a 100% direct interest in Deep Blue Minerals, of which
74% is held beneficially by Kazera and 26% is held on behalf of Black Economic
Empowerment partners.

 

Heavy Mineral Sands mining (including ilmenite, monazite, rutile, and zircon)
through Whale Head Minerals (Pty) Ltd, Alexander Bay, South Africa.

Kazera currently has a 70% direct beneficial interest in Whale Head Minerals
together with the benefit of a loan facility entitling it to receive
approximately £38m out of dividends from the other shareholders.

 

Tantalite mining in South-East Namibia (divestment in progress)

As announced on 20 December 2022, Kazera has agreed to dispose of African
Tantalum (Pty) Ltd ("Aftan") for a cash consideration of US$13 million plus a
debenture payment of 2.5% of the gross sales of produced lithium and tantalum
for life-of-mine. Completion of the sale is subject to receipt of full
consideration proceeds. Aftan has been deconsolidated from the Company's
financial statements with effect from 4 January 2023 because in accordance
with the terms of the sale agreement, it has relinquished control of the Aftan
in favour of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei
Xinjian") with effect from that date. Kazera retains the right to cancel the
transaction and retain all amounts paid to date in the event of default by
Hebei Xinjian.

 

The Company will consider additional investment opportunities as appropriate,
having regard to the Group's future cash flow requirements.

 

Additional information disclosed pursuant to AIM Rule 17 and Schedule 2(g) of
the AIM Rules for Companies:

 

Geoffrey Peter Eyre, Non-Executive Director of the Company, appointed on 8
July 2022:

 

At the time of the publication of his appointment announcement, Mr Eyre held
the following additional previous directorships within the last 5 years:

·    Avesoro Services (UK) Limited

·    AAA Exploration Burkina Limited

·    Emerald Ex BV

·    Ruby Ex BV

·    Sapphire Ex BV

·    Topaz Ex BV

·    Thani Stratex Djibouti Limited

·    Bea Mountain Mining Corporation

 

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