Kavango Resources plc received a £200,000 advance from its deputy chairman in a convertible loan note.
LISTING
Peter Wynter Bee’s subscription on 24 September follows the £2 million investment from major shareholder Purebond Ltd, and is on the same terms.
Kavango added that the Financial Conduct Authority was reviewing its completed draft prospectus.
The final copy will be used to list the company on the Victoria Falls Stock Exchange.