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IN BRIEF: Kropz makes ZAR75 million drawdown on bridge loan facilities

23rd Oct 2023 13:30

Kropz PLC - South Africa-focused phosphate producer and developer - Makes second drawdown on ZAR250 million - around GBP10.8 million - bridge loan facility with its major shareholder the ARC Fund. Says drawdown is for ZAR75 million. The first was for ZAR155 million. The facility was agreed to meet immediate cash requirements at Kropz Elandsfontein Pty Ltd.

Current stock price: 1.56 pence

12-month change: down 68%

By Sophie Rose, Alliance News reporter

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