REG - Kropz PLC - Bridge Loan Facility Drawdown

KropzAnnouncement

28/04/2022 07:30

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RNS Number : 6768J  Kropz PLC  28 April 2022

28 April 2022

Kropz Plc

("Kropz" or the "Company")

 

Bridge Loan Facility Drawdown

 

Kropz 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.

 

For further information visit www.kropz.com (http://www.kropz.com/)  or
contact:

 

 Kropz Plc
 Mark Summers (CEO)                +27 (0) 79 744 8708

 Grant Thornton UK LLP             Nominated Adviser
 Samantha Harrison                 +44 (0) 20 7383 5100

 Harrison Clarke

 George Grainger

 Ciara Donnelly

 Hannam & Partners                 Broker
 Andrew Chubb                       +44 (0) 20 7907 8500

 Ernest Bell

 Tavistock                         Financial PR & IR (UK)
 Nick Elwes                        +44 (0) 207 920 3150

 Jos Simson                        kropz@tavistock.co.uk

 Oliver Lamb

 R&A Strategic Communications      PR (South Africa)
 James Duncan                      +27 (0) 11 880 3924

                                   james@rasc.co.za

 

About Kropz Plc

Kropz is an emerging African producer and developer of plant nutrient feed
minerals with phosphate projects in South Africa and the Republic of Congo.
The vision of the Group is to become a leading independent phosphate rock
producer and to develop into an integrated, mine-to-market plant nutrient
company focusing on sub-Saharan Africa.

-ENDS-

 

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