Update of financing for Kabwe transaction
GMI loan payments for Kabwe transaction proceeding this week to settle $1.35m vendor balance.
- Cash consideration due to LEM vendors $1.35m
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Further to the Company's announcement on 16 October 2025, Gathoni Muchai Investments Limited ("GMI") has informed the Company that payments of funds, pursuant to the increased loan agreement entered into on 30 June 2025 and to be used by the Company to satisfy the $1.35m balance of cash consideration due to the LEM vendors, are proceeding this week.
The Company remains committed to finalising the LEM transaction utilising the non-dilutive and favourable terms available under the GMI facility.
A further announcement will be made in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.