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IN BRIEF: Kropz makes final drawdown of ZAR52.5 million on loan

17th Jan 2024 14:21

Kropz PLC - South Africa-focused phosphate producer and developer - Makes final drawdown of ZAR52.5 million on loan, the drawdown was announced in December. In November, it entered into a new conditional convertible equity facility of up to ZAR550 million. The facility was signed with a major shareholder, the ARC Fund, to meet immediate cash requirements at Kropz Elandsfontein (Pty) Ltd.

Current stock price: 1.16 pence

12-month change: down 67%

By Sophie Rose, Alliance News senior reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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Kropz Plc
FTSE 100 Latest
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Change53.53