Kropz has raised a total of US$353 595 (before expenses) by way of an equity placing with an existing
investor and two directors, Robin Renwick and Mark Summers, at a price of 6.75 pence per
In conjunction, the company has launched an open offer to existing
shareholders to raise up to a further US$4 million, before expenses, at the issue price.
The proceeds will be used to bring the company's
Elandsfontein phosphate project, located in South Africa, into production, and subject to funding
raised, advance the new feasibility study at its Hinda phosphate project in the Republic of Congo, and for general
working capital purposes.
Read the article online at: https://www.worldfertilizer.com/phosphates/03062020/kropz-aiming-to-raise-us4-million-to-fund-elandsfontein-phosphate-production/
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.