Receipt of payment

RNS Number : 3754L

Kazera Global PLC

30 December 2022

 

30 December 2022

Kazera Global plc

("Kazera" or the "Company")

Receipt of payment

Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, is pleased to announce that it has received cleared funds of $385,868.51 of the first $500,000 payable by Hebei Xinjian Construction ("Xinjian") with a further payment of $700,000 expected tomorrow.

Highlights

· In terms of the agreement for the sale of shares in African Tantalum, Kazera was to receive an initial payment of $500,000 by the end of December 2022.

· $385,868.51 has already been received.

· A further $700,000 is expected tomorrow, more than twice the due amount.

Dennis Edmonds, Kazera Chief Executive Officer, commented:

"The accelerated payment is a very welcome indication that Xinjian is a highly committed purchaser and would like to take ownership of Aftan sooner rather than later. As previously announced, ownership of the shares does not pass until the inter-company loan has been repaid and the equity consideration has been paid."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014 ('MAR').

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

Kazera Global plc (c/o Camarco) Dennis Edmonds (CEO)	Tel: [phone]
finnCap (Nominated Adviser and Joint Broker) Christopher Raggett / Fergus Sullivan (Corporate Finance)	Tel: [phone]
Camarco (PR) Elfie Kent /  Hugo Liddy / Gordon Poole	Tel: [phone]

**ENDS**

 

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