Plandai Biotech - Unlocking natures secrets
Newsletter - June 2012

100 million rand

Plandaí Biotechnology, Inc., through majority-owned subsidiaries of Dunn Roman Holdings, Inc., has executed final loan documents on a 100 million Rand (approx. $13 million USD) financing with the Land and Agriculture Bank of South Africa.

Plandaí Chairman and Chief Executive Officer, Roger Duffield, commented, "Closing this loan is a significant milestone for Plandaí because it provides us with the capital necessary to move immediately into production of our highly bioavailable Green Tea extract without causing any dilution to our shareholders.

The total loan is actually comprised of multiple agreements totaling, between Green Gold Biotechnologies (Pty) Ltd. and Breakwood Trading 22(Pty) Ltd., 100 million rand. The loans all bear interest at the rate of prime plus 0.5% per annum and are all due in seven years. In addition, the loans have a 25-month "holiday" in which no payments or interest are due until 25 months after the first drawn down of funds. The loans are collateralized by the assets and operations, including the Senteeko lease, agriculture production and receivables, of Dunn Roman Holdings, which is the African operating arm of Plandaí. In addition, Dunn Roman Holdings was required to grant a 15% profit share agreement to the Land Bank which extends through the duration of the loan agreements (7 years unless pre-paid). The profit share agreement extends only to profits generated by Dunn Roman Holdings exclusive of operations of Plandaí and outside of South Africa.

Read the 8K SEC Filing

 

Corporate social responsibility - what are our plans

Plandaí Biotechnology and all of its subsidiaries are committed to ensuring that all of our employees enjoy working for us. This means that it is our responsibility to create a work environment that is conducive to achieving this aim, as per our credo

Furthermore, we intend to introduce programs that will allow us to identify and nurture the brightest young talent and push them to succeed, nurturing tomorrow's market leaders.

However, since our farming enterprises operate in South Africa, we are fully aware that our responsibility extends far beyond the norm. And with that in mind we are continually looking at all the ways in which we can impact the community for the better.

We would welcome your ideas on this topic. Please feel free to email us at info@plandaibiotech.com

 

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CSIR engaged to validate Plandai extract

Plandai extractPlandaí Biotechnology, Inc., through majority-owned subsidiaries of Dunn Roman Holdings, Inc. has engaged the services of the Centre for Scientific and Industrial Research (CSIR) to undertake independent investigations to provide scientific evidence of green tea isomeric composition of catechins in their samples and their bioavailability in in-vitro and in-vivo assays.

Read about the CSIR

 

who is running the farms?

Farming in South Africa is like none other in the world and because of this we needed to make sure that we stacked the deck in our favor and employed only the best as every step of the product creation pathway is critical. With that in mind, our farming team has over 100 years of experience in managing farms in Southern Africa.

Read farm management bios

Farm

 

Read our Safe Harbor

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