REG - Kazera Global PLC - Receipt Of Further Aftan Payment

Kazera GlobalAnnouncement

13/07/2023 07:00

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RNS Number : 8548F  Kazera Global PLC  13 July 2023

13 July 2023

Kazera Global plc ("Kazera" or "the Company")

Receipt Of Further Aftan Payment

 

Kazera Global plc, the AIM-quoted investment company, is pleased to announce
that subsequent to its Corporate And Operational Update on 5 July 2023, it has
received a further payment of c. US$650,000 from Hebei Xinjian Construction
("Xinjian") in respect of the sale of the Company's interest in African
Tantalum (Pty) Ltd in Namibia ("Aftan"). The aggregate payments now received
total c.US$4.85 million.

 

Dennis Edmonds, Kazera Chief Executive Officer, commented: "This payment is a
further indication of Xinjian's desire to meet its obligations. As well as
strengthening the Company's cash position, it further justifies our approach
to continue working with Xinjian to achieve a mutually beneficial outcome."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

ENDS

 

For further information on the Company, visit: www.
(http://www.kazeraglobal.com/) kazeraglobal (http://www.kazeraglobal.com/)
.com (http://www.kazeraglobal.com/)

 

 Kazera Global plc (c/o St Brides)                           kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 Dennis Edmonds (CEO)
 finnCap (Nominated Adviser and Broker)

 Christopher Raggett / Fergus Sullivan (Corporate Finance)   Tel: +44 (0)207 220 0500
 St Brides (PR)

 Paul Dulieu / Isabel de Salis / Susie Geliher               kazera@stbridespartners.co.uk (mailto:kazera@stbridespartners.co.uk)

 

 

Notes

Kazera is a global investment company focused on developing early-stage assets
towards meaningful cashflow and production in the resource sector. Its current
assets include a diamond mine and heavy mineral sands production in South
Africa. The Company intends to leverage its unique board expertise, investment
capability and operational proficiency, to facilitate exceptional cash
generation and shareholder growth.

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