The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKazera Global Regulatory News (KZG)

Share Price Information for Kazera Global (KZG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.60
Bid: 0.55
Ask: 0.65
Change: 0.00 (0.00%)
Spread: 0.10 (18.182%)
Open: 0.60
High: 0.60
Low: 0.60
Prev. Close: 0.60
KZG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Receipt of further payment

9 Jan 2023 07:00

RNS Number : 0126M
Kazera Global PLC
09 January 2023
 

9 January 2023

Kazera Global plc

("Kazera" or the "Company")

Receipt of further payment

 

Kazera Global plc, the AIM quoted investment company, is pleased to announce that it has received further cleared funds of N$12,103,000 from Hebei Xinjian Construction ("Xinjian") which translates into USD716,265.

 

Overview

 

· On 20 December 2022, the Company announced an agreement for the sale of Kazera's interest in 100% of the shares in African Tantalum to Xinjian for a headline sum of USD13 million (excluding interest at 8% on loans of cUSD9.3 million made by Kazera to African Tantalum).

· On signing of these agreements, Kazera received a payment of USD642,207.

· A further USD500,000 was due from Xinjian to Kazera by 31 December 2022.

· Xinjian made an initial payment of $385,868.51 in this regard as announced on 30 December 2022.

· Kazera has now received a further payment of USD716,265 bringing the aggregate amount received to date to USD1,745,339.51 , far exceeding the contracted amount required at this stage in the process.

· A further USD1,897,866.49 is expected to be paid by Xinjian by the end of January 2023, with monthly payments commencing from April 2023.

· Complete operational control has now passed to Xinjian, with Xinjian responsible for ongoing costs and retaining revenue from operations save for a 2.5% royalty to be paid to Kazera in perpetuity. Kazera will retain ownership of 100% of the shares in African Tantalum as security until all amounts owing to it have been paid.

 

Dennis Edmonds, Kazera Chief Executive Officer, commented:

 

"The receipt of this further payment is another positive gauge of Xinjan's confidence in the asset and highlights the positive working relations between the two parties in the transition and we are pleased to have now transferred operational control. The buyers are now well ahead of the payment schedule, and we look to continue this strong track record through to completion of the sale."

 

For further information on the Company, visit: www.kazeraglobal.com

 

Kazera Global plc (c/o Camarco)

Dennis Edmonds (CEO)

Tel: +44 (0)203 757 4980

 

finnCap (Nominated Adviser and Joint Broker)

Christopher Raggett / Fergus Sullivan (Corporate Finance)

 

Peterhouse Capital Limited (Joint Broker)

Duncan Vasey and Lucy Williams (Corporate Broker)

 

Tel: +44 (0)207 220 0500

 

Tel: +44 (0) 207 220 9797

 

Camarco (PR)

Elfie Kent / Hugo Liddy / Gordon Poole

 

 Tel: +44 (0)20 3781 8331

 

 

 

**ENDS**

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSSIFMAEDSELF
Date   Source Headline
3rd Jun 202111:00 amRNSPrice Monitoring Extension
3rd Jun 20219:05 amRNSSecond Price Monitoring Extn
3rd Jun 20219:00 amRNSPrice Monitoring Extension
3rd Jun 20217:00 amRNSOperational Update
13th May 20217:00 amRNSInvestment, Diamond, HMS and Tantalum Update
5th May 20214:41 pmRNSSecond Price Monitoring Extn
5th May 20214:35 pmRNSPrice Monitoring Extension
4th May 20212:06 pmRNSExercise of Warrants
22nd Apr 20211:58 pmRNSExercise of Warrants
21st Apr 202112:29 pmRNSExercise of Warrants
14th Apr 20215:58 pmRNSExercise of Warrants
14th Apr 20212:05 pmRNSSecond Price Monitoring Extn
14th Apr 20212:00 pmRNSPrice Monitoring Extension
14th Apr 202111:05 amRNSSecond Price Monitoring Extn
14th Apr 202111:00 amRNSPrice Monitoring Extension
14th Apr 20219:05 amRNSSecond Price Monitoring Extn
14th Apr 20219:00 amRNSPrice Monitoring Extension
14th Apr 20217:00 amRNSDue Diligence Completed for Namibian Investment
6th Apr 20212:05 pmRNSSecond Price Monitoring Extn
6th Apr 20212:00 pmRNSPrice Monitoring Extension
31st Mar 20215:33 pmRNSExercise of Warrants
31st Mar 20217:01 amRNSInterim Results for the 6-months ended 31 Dec 2020
31st Mar 20217:00 amRNSAnnual Report for the Year Ended 30 June 2020
18th Mar 20212:05 pmRNSSecond Price Monitoring Extn
18th Mar 20212:00 pmRNSPrice Monitoring Extension
18th Mar 202111:05 amRNSSecond Price Monitoring Extn
18th Mar 202111:00 amRNSPrice Monitoring Extension
18th Mar 20217:00 amRNSDiamond Production, HMS Extension and Investment
23rd Feb 20217:00 amRNSDiamond production and general update
18th Feb 20214:36 pmRNSExercise of Warrants
5th Feb 20213:13 pmRNSExercise of Warrants
21st Dec 20207:00 amRNSDiamond sales, deadline and financing update
8th Dec 202011:00 amRNSPrice Monitoring Extension
4th Dec 20209:05 amRNSSecond Price Monitoring Extn
4th Dec 20209:00 amRNSPrice Monitoring Extension
1st Dec 202011:27 amRNSNamibia Update and Overview
11th Nov 202010:16 amRNSMaiden Diamond Delivery
8th Oct 20207:00 amRNSDiamond Production Commenced at Deep Blue Minerals
18th Aug 20205:26 pmRNSChange of Registered Office address
5th Aug 20207:30 amRNSAlign Research Coverage
4th Aug 20207:00 amRNSOperational Update Namibia Tantalite Valley Mine
30th Jul 20207:00 amRNSOperational Update
20th Jul 20207:00 amRNSUpdated Corporate Presentation
7th Jul 20207:00 amRNSIssue of Equity
2nd Jul 202012:10 pmRNSHolding(s) in Company
29th Jun 20208:30 amRNSExecutive Salary Sacrifice
26th Jun 20207:00 amRNSAcquisition of additional interest in TVM
22nd Jun 20201:09 pmRNSHolding(s) in Company
4th Jun 20207:00 amRNSAcquisition of Diamond and HMS interest
27th Mar 20207:00 amRNSInterim Results for six months ended 31 Dec 2019

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.