RE: Perhaps Meaningless To The Detractors, However...8 Sep 2025 11:18
Marula Mining PLC announced that its Kenyan subsidiary has finalized a structured debt facility for EUR 6 million with a US-based investment banking group, carrying an interest rate of the European Central Bank marginal lending facility rate plus 1%. The company has started the drawdown process. Negotiations with Middle East Sovereign Wealth Fund-backed investment funds have advanced, with proposed investments between US$7.5 million and US$10 million for each of up to five projects. Additionally, Marula Mining has entered into an agreement for a £1,000,000 unsecured, interest-free, non-convertible loan from Gathoni Muchai Investments Limited to meet working capital requirements.