REG - Kazera Global PLC - Receipt of payment

Kazera GlobalAnnouncement

30/12/2022 12:15

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RNS Number : 3754L  Kazera Global PLC  30 December 2022

30 December 2022

Kazera Global plc

("Kazera" or the "Company")

Receipt of payment

Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted
investment company, is pleased to announce that it has received cleared funds
of $385,868.51 of the first $500,000 payable by Hebei Xinjian Construction
("Xinjian") with a further payment of $700,000 expected tomorrow.

 

Highlights

 

·       In terms of the agreement for the sale of shares in African
Tantalum, Kazera was to receive an initial payment of $500,000 by the end of
December 2022.

·       $385,868.51 has already been received.

·       A further $700,000 is expected tomorrow, more than twice the
due amount.

 

 

 

 

Dennis Edmonds, Kazera Chief Executive Officer, commented:

"The accelerated payment is a very welcome indication that Xinjian is a highly
committed purchaser and would like to take ownership of Aftan sooner rather
than later. As previously announced, ownership of the shares does not pass
until the inter-company loan has been repaid and the equity consideration has
been paid."

 

 

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No. 596/2014 ('MAR').

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 Camarco)                             Tel: +44 (0)203 757 4980

 Dennis Edmonds (CEO)

 finnCap (Nominated Adviser and Joint Broker)                Tel: +44 (0)207 220 0500

 Christopher Raggett / Fergus Sullivan (Corporate Finance)

 Camarco (PR)

 Elfie Kent /  Hugo Liddy / Gordon Poole                       Tel: +44 (0)20 3781 8331

 

**ENDS**

 

 

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