Brief: Kropz Enters Into A New Conditional Convertible Equity Facility Of Up To ZAR 177 Mln

Kropz

11/05/2022 10:32

May 11 (Reuters) - Kropz PLC  KRPZ.L :
    * KROPZ PLC  - NEW CONVERTIBLE FACILITY AGREEMENT AND GM
NOTICE
    * KROPZ PLC - ENTERED INTO A NEW CONDITIONAL CONVERTIBLE
EQUITY
FACILITY OF UP TO ZAR 177 MILLION
    * KROPZ- AGREEMENT WITH ARC FUND , CO'S MAJOR SHAREHOLDER,
TO FUND
CO'S ELANDSFONTEIN PHOSPHATE PROJECT TO FIRST REVENUES FROM BULK
CONCENTRATE SALES
    * KROPZ PLC - ZAR 177 MILLION EQUITY FACILITY IS IN ADDITION
TO
ZAR 200 MILLION FACILITY, WHICH ARC AND COMPANY ENTERED INTO IN
FEBRUARY 2021
    * KROPZ PLC - FIRST DRAWDOWN IS EXPECTED ON OR AROUND 30 MAY
2022

Source text for Eikon:  ID:nRSK0807La 
Further company coverage:  KRPZ.L 

 ((Reuters.Briefs@thomsonreuters.com;))