Kazera Global PLC Due Diligence Completed for Namibian Investment (3694V)
14 April 2021 - 4:00PM
UK Regulatory
TIDMKZG
RNS Number : 3694V
Kazera Global PLC
14 April 2021
14 April 2021
Kazera Global plc
Due Diligence Completed for Namibian Investment
Kazera Global plc, the AIM quoted investment company, is pleased
to report that the Board have now been informed that the banking
due diligence on the investment package totaling EUR9,130,000
announced in previous RNS's has now been successfully
completed.
The Company is now awaiting final confirmation of the transfer
of funds, at which point it will make a further announcement.
In anticipation of completion of the investment package, the
Company has focused on making the site functionally ready for
operational activity to resume. As part of this process, DJ
Drilling, an independent contractor, have begun preparing road
access in anticipation of the mine once again becoming fully
operational.
Larry Johnson, Kazera Chief Executive Officer, commented:
"In anticipation of completion of the investment package, we
have been working tirelessly at the mine to make sure that it is
functionally ready to restart operations as soon as funds are
received. The due diligence process has been a necessary, but
lengthy and very detailed process, and we are delighted that it has
now been successfully concluded.
"We now look forward to completion of the deal and the receipt
of funds, with which we can unlock the value we have from our
world-class tantalite mine, as well as accelerating developments in
our diamond and HMS operations."
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) Tel: +44 (0)203 757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Broker) Tel: +44 (0)207 220 0500
Christopher Raggett / Charlie Beeson (corporate
finance)
Camarco (PR)
Gordon Poole / James Crothers / Hugo Liddy Tel: +44 (0)20 3781 8331
**ENDS**
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END
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