|
Kropz PLC - African phosphate developer - Makes third and final drawdown on its R 121.5 million, roughly £6.1 million, facility with major shareholder ARC Fund. Says drawdown was for R 14.5 million and will be used to meet immediate cash requirements, due to delays in the ramp up of operations at Kropz Elandsfontein (Pty) Ltd.
‘Kropz and ARC Fund are currently working on a comprehensive funding structure to finance any further funding requirements in Kropz,’ it says.
Current stock price: 5.00 pence
12-month change: up 11%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
