Last checked at 13 Jul 2023 07:00
13 July 2023
Kazera Global plc ("Kazera" or "the Company")
Receipt Of Further Aftan Payment
Kazera Global plc, the AIM-quoted investment company, is pleased to announce that subsequent to its Corporate And Operational Update on 5 July 2023, it has received a further payment of c. US$650,000 from Hebei Xinjian Construction ("Xinjian") in respect of the sale of the Company's interest in African Tantalum (Pty) Ltd in Namibia ("Aftan"). The aggregate payments now received total c.US$4.85 million.
Dennis Edmonds, Kazera Chief Executive Officer, commented: "This payment is a further indication of Xinjian's desire to meet its obligations. As well as strengthening the Company's cash position, it further justifies our approach to continue working with Xinjian to achieve a mutually beneficial outcome."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
ENDS
For further information on the Company, visit: www.kazeraglobal.com
Kazera Global plc (c/o St Brides) Dennis Edmonds (CEO) | kazera@stbridespartners.co.uk |
finnCap (Nominated Adviser and Broker) Christopher Raggett / Fergus Sullivan (Corporate Finance) |
Tel: +44 (0)207 220 0500 |
St Brides (PR) Paul Dulieu / Isabel de Salis / Susie Geliher |
kazera@stbridespartners.co.uk |
Notes
Kazera is a global investment company focused on developing early-stage assets towards meaningful cashflow and production in the resource sector. Its current assets include a diamond mine and heavy mineral sands production in South Africa. The Company intends to leverage its unique board expertise, investment capability and operational proficiency, to facilitate exceptional cash generation and shareholder growth.