Drawdown on Bridge Loan Facilities
Kropz Plc has announced the final drawdown of ZAR 40 million on its ZAR 250 million (approximately US$ 14.4 million) loan facility with ARC Fund, bringing the total loan to its full amount. This action signifies the complete utilization of the bridge loan facilities previously agreed upon on December 8, 2025, for Kropz Elandsfontein (Pty) Ltd.
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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 final draw down on the Loan for an amount of ZAR 40 million has been made. The loan is now fully drawn.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.