Finance Metals & Minerals News

Kavango Resources raises £750,000 through placing

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Kavango Resources plc said it had raised £750,000 through a “heavily oversubscribed” placing at 3p per share over the weekend.

The company added that this was at no discount to the offer price of Kavango’s shares at close on Friday 6 May.

A total of 25,000,000 new ordinary shares were placed by First Equity Ltd, on behalf of the company, with institutional and other investors, including high net worth and retail investors.

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