Drawdown on Bridge Loan Facilities
Drawdown of ZAR 40 million from bridge loan facility; ZAR 60 million remains available.
- Bridge Loan Facility ZAR 250 million
- Third drawdown ZAR 40 million
- Available to draw ZAR 60 million
- Approximate USD equivalent of facility US$ 14.4 million
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Kropz Plc (AIM: KRPZ), an emerging African phosphate producer and developer, announced on 8 December 2025 that Kropz Elandsfontein (Pty) Ltd ("Elandsfontein") and ARC Fund ("ARC") (together the "Parties") have agreed to a ZAR 250 million (approximately US$ 14.4 million) loan facility (the "Loan")
The third draw down on the Loan for an amount of ZAR 40 million has been made. ZAR 60 million remains available to draw down on the Loan.
As announced on 20 February 2025, following approval from the South African Reserve Bank ("Exchange Control Approval") under the South African Exchange Control Regulations, 1961 for the ARC conditional subscription , the Loan balance will be further reduced by approximately ZAR 20 million, resulting in approximately ZAR 40 million remaining to be drawn down on the Loan.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.