4 September 2024
Kazera
Global plc
('Kazera'
or 'the Company)
Notice of
General Meeting
Kazera Global plc, the AIM-quoted
investment company, announces that a General Meeting (the "Meeting") will be held at the Company's
registered office, 33 St James' Square, London SW1Y 4JS on 25
September 2024 at 12 noon.
The purpose of the Meeting is for
the directors to seek authorisation from shareholders to allot
equity securities on a non-pre-emptive basis as further disclosed
in the Notice of General Meeting, which will enable it to meet its
obligations (as previously announced on 7 August 2024) in respect
of:
1) the
terms and conditions of the loan agreements with each of Richard
Jennings and Tracarta Limited; and
2) the
issue of shares to Tectonic Gold Plc in respect of the acquisition
of shares in Whale Head Minerals Pty Ltd and Deep Blue Minerals Pty
Ltd.
The Notice of General Meeting and
Form of Proxy will be posted today and will be available on the
Company's website at www.kazeraglobal.com.
ENDS
For further information visit
www.kazeraglobal.com
or contact:
|
Kazera Global plc
Dennis Edmonds, CEO
|
kazera@stbridespartners.co.uk
|
|
Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)
Derrick Lee / Pearl Kellie
(Corporate Finance)
|
Tel: +44 (0)207 220 0500
|
|
St
Brides Partners (Financial
PR)
Paul Dulieu / Isabel de Salis
|
kazera@stbridespartners.co.uk
|
About Kazera Global plc
Kazera is a global investment
company focused on leveraging the skills and expertise of its Board
of Directors to develop early-stage mineral exploration and
development assets towards meaningful cashflow and production. Its
three principal investments are as follows:
Alluvial diamond mining through Deep
Blue Minerals (Pty) Ltd, Alexander Bay, South Africa
Kazera currently has a 100% direct
interest in Deep Blue Minerals, of which 74% is held beneficially
by Kazera and 26% is held on behalf of Black Economic Empowerment
partners.
Heavy Mineral Sands mining (including
ilmenite, monazite, rutile, and zircon) through Whale Head Minerals
(Pty) Ltd, Alexander Bay, South Africa.
Kazera currently has a 70% direct
beneficial interest in Whale Head Minerals together with the
benefit of a loan facility entitling it to receive approximately
£38m out of dividends from the other shareholders.
Tantalite mining in South-East
Namibia (divestment in progress)
As announced on 20 December 2022,
Kazera has agreed to dispose of African Tantalum (Pty) Ltd
("Aftan") for a cash consideration of US$13 million plus a
debenture payment of 2.5% of the gross sales of produced lithium
and tantalum for life-of-mine. Completion of the sale is subject to
receipt of full consideration proceeds. Aftan has been
deconsolidated from the Company's financial statements with effect
from 4 January 2023 because in accordance with the terms of the
sale agreement, it has relinquished control of the Aftan in favour
of the purchaser, Hebei Xinjian Construction Close Corp ("Hebei
Xinjian") with effect from that date. Kazera retains the right to
cancel the transaction and retain all amounts paid to date in the
event of default by Hebei Xinjian.
The Company will consider additional
investment opportunities as appropriate, having regard to the
Group's future cash flow requirements.