Drawdown on Bridge Loan Facilities
Kropz Plc announced that the fourth and final drawdown of ZAR 30 million has been completed. This drawdown was part of a larger ZAR 200 million loan facility, equivalent to approximately US$ 11.4 million, agreed upon by Kropz Elandsfontein and ARC Fund. With this final transaction, the loan facility has now been fully drawn down.
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Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 14 July 2025 that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") and ARC Fund ("ARC") (together the "Parties") have agreed to a ZAR 200 million (approximately US$ 11.4 million) loan facility (the "Loan").
The fourth and final draw down on the Loan for an amount of ZAR 30 million has been made. The Loan has now been fully drawn down.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.