Af Copper seal deal with ZCI

Zambia Copper Mining (ZCI) has entered into a new term loan facility agreement with African Copper (ACU) to refinance the existing bridging loan facilities it made to ACU subsidiary, Messina Copper.

The term loan facility of up to $31,3 million, the equivalent of P217 million, will put ACU's borrowings from ZCI onto a more permanent footing and it will be used by Messina to repay the bridging loan, the company said last Friday.

The new term loan facility would be done in two tranches, with tranche A providing an amount of $8,37 million, which was convertible into ordinary shares of one Pula each in ACU.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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