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FORACO COMPLETES DEBT REFINANCING AND REPAYS KARTESIA

Kartesia is happy to announce that it was repaid on its KCO IV investment in Foraco following a successful refinancing by the Company. In addition, as a result of a partial conversion of debt into equity, Kartesia now owns approximately 4.7% of the company’s shares, which are listed on the Toronto Stock Exchange. Kartesia will remain represented at the board of directors of Foraco until final exit.

Foraco International SA (TSX: FAR) is a leading global provider of mineral drilling services.

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