Kavango Resources plc issued 1.48 billion shares following publication of its prospectus approved by the Financial Conduct Authority.
LISTING
The shares issue relates to a £10 million fundraise in 2024 involving 938,028,569 and 547,995,076 new ordinary shares, comprised of a conditional placing and convertible loan notes, respectively.
Following admission, Kavango’s total issued share capital will consist of 3,048,706,821 ordinary shares.
The financing will advance the company’s Zimbabwe projects and exploration in the country and in Botswana.
The published prospectus will be used in Kavango’s application to trade on the Victoria Falls Stock Exchange.