Plandai Biotechnology, Inc. Receives $5.6 Million Initial Funding From the Land and Agriculture Bank of South Africa
SEATTLE, July 24, 2012 (GLOBE NEWSWIRE) -- Plandai Biotechnology, Inc. (OTCBB:PLPL) a producer of highly bioavailable plant extracts, today announced that it has received the funds from the initial draw down on the 100 million Rand (US $13 million) loan from the Land and Agriculture Bank of South Africa. The total amount of the first draw was 49 million Rand (approx. $5.6 million USD).