Kazera Global plc (GB:KZG) has released an update.
Kazera Global PLC, an AIM-quoted investment company, has announced legal action to enforce the terms of their Sale Agreement after Hebei Xinjian Construction failed to pay the remaining $9.5 million owed for the purchase of African Tantalum. The company had previously sold its interest in Aftan with the expectation of full payment by the end of 2023, which included a debenture payment from future lithium and tantalum sales. Kazera has given Xinjian a final deadline of September 23, 2024, to settle the debt, with plans to pursue arbitration if necessary.
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