Stick to facts16 Feb 2023 07:43
Highlights
· US$1 million drawn down following the issue of the Loan Notes of denomination US$1 each due 31 January 2027 and accruing interest at a rate of 8% per annum.
· The Subscriber has the right, but not the obligation, to subscribe for up to a further US$4 million of Loan Notes. Net proceeds shall be used to fund general corporate requirements and the Company's working capital.
· Philoro Global Trading AG has confirmed their ongoing support for Caracal and Kilimapesa.
· The Company has engaged legal counsel to undertake the comprehensive review of the corporate governance, regulatory compliance, and communications policies to strengthen internal procedures. "
And more to come