Formal Execution of Loan Facility
Formal execution of ZAR 130 million loan facility from ARC Fund to subsidiary Elandsfontein.
- Loan facility ZAR 130 million (approximately US$ 6.7 million)
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Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 21 May 2025 that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") and ARC Fund ("ARC") (together the "Parties") have agreed to a ZAR 130 million (approximately US$ 6.7 million) loan facility (the "Loan")
The Loan was pending formal execution and as the Limited Indemnity, Security Cession and Pledge by Kropz Plc has now been issued in favour of ARC for all current and future loan facilities made to Elandsfontein, the Loan has now been formally executed.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.