Agriterra Ltd - Guernsey-based agricultural investment company - Says subsidiary Desenvolvemento E Comercializacao Agricola Ltda secures $1.9 million debt facility from First Capital Bank SA to finance and support maize buying operations. Says interest rate on bank facility is 24%. Financed maize will be processed and sold by DECA from its facilities in Chimoio, Mozambique, into the local wholesale and retail markets.

Non-Executive Chair Caroline Havers says: ‘This will enable us to benefit from a strengthened purchasing position and set up our maize operations for a successful trading, processing and sales season.’

Current stock price: 1.12 pence, down 14%

12-month change: down 79%

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