RE: Morning9 Aug 2024 09:02
Just saw this RNS from another AIM share I hold :-
Kazera Global plc (AIM: KZG), the AIM-quoted investment company, is pleased to announce that it has entered into a debt facility agreement (the "Facility Agreement") with each of its two largest shareholders, Richard Jennings and Tracarta Limited, pursuant to which they have agreed to provide the Company with unsecured term loan facilities of £150,000 and £350,000 respectively (the "Facilities"). The proceeds will be used to fund the cash element of the consideration payable to Tectonic Gold PLC under the terms of the agreement announced on 7 August 2024 and to provide additional working capital whilst the Company works to bring Deep Blue Minerals (Pty) Ltd ("DBM") and Whale Head Minerals (Pty) Ltd ("WHM") into production and cash generation.
My point is take note 'Mr Placing' AKA KM --- it can be done without never ending dillution if you can convince others that your asset is worthwhile !!