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Kavango Resources raises £1.94 million through placing

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Kavango Resources plc has raised £1.94 million through the placing of 35,272,727 new ordinary shares at a price of 5.5p.

 A one-for-one warrant has been issued to all placing participants, at 8.5p per share for a period of two years.

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Altus Strategies appoints Gérard De Hert as NED

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Altus Strategies plc has appointed Gérard De Hert as a non-executive director (NED) of the company with immediate effect. Mr De Hert is managing director (technical services) at La Mancha Holding S.à r.l, where he oversees the technical assessment of new and existing investments. He has worked for more than 20 years on the appraisal and extraction of several of […]
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Golden Metal targets potential ‘large-scale’ copper zones

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Golden Metal Resources plc reported potential large scale porphyry and skarn type copper mineralised bodies on two previously identified anomalies at the Garfield project in Nevada. MINERAL SYSTEM The Power Line and High-Grade zones have undergone detailed geochemical analysis since their discovery in May. Within the northeast of High-Grade, findings show a hornfels zone with tellurium and […]
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Block secures block XIF in Georgia until 2043

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Block Energy plc said it had secured until 2043 the production sharing contract (PSC) licence for block XIF after completing the minimum work programme (MWP) across its oil and gas assets in Georgia. REQUIREMENTS The company received confirmation from Georgia’s State Agency of Oil and Gas (SAOG). Block added it had now completed all MWP requirements across […]

One Reply to “Kavango Resources raises £1.94 million through placing”

  1. Pingback: Kavango raises £60,000 via director subscription - Extractive Industries

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