# Kropz bullish about future as it lists on Aim

> Emerging plant nutrient producer Kropz listed on the AIM market on Friday, raising gross proceeds of about £27.3 million (roughly $35 million). The net proceeds will fund completion of its Elandsfontein phosphate project in South Africa, develop the Hinda project in Ghana, and reduce debt. A dual listing on the AIM and JSE is expected toward the end of 2019.

- Date: 2018-11-30 · published 2018-11-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62357-kropz-bullish-about-future-as-it-lists-on-aim
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

This is a corporate financing event with limited immediate effect on phosphate fertilizer supply. Elandsfontein production is not expected until late 2019, so it has little near-term price impact on feed-relevant commodities.

## Sources

- miningweekly.com: https://www.miningweekly.com/article/kropz-bullish-about-future-as-it-lists-on-aim-2018-11-30

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.