Kropz plans to raise additional $4.3m, backed by ARC

Aim-listed emerging phosphate producer Kropz has raised about $350 000 by way of an equity placing with chairperson Robin Renwick and interim CEO Mark Summers at a price of 6.75p per ordinary share.

Additionally, Kropz has launched an open offer to existing shareholders to raise up to $4-million, at the same issue price.