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Resolution voted by shareholders, to allow the issue of £1,068, 378.08p worth of shares. RM has virtually used the quota allowed. Mainly on working capital.
RNS 26th March
The Company has raised £780,000 by way of a Subscription ("Subscription"), through the issue of 260,000,000 new Ordinary Shares of £0.001 in the Company ("Subscription Shares") at a price of £0.003 per Subscription Share.
The funds will be used for working capital by the Company and its subsidiaries.
The admission of the Subscription Shares to trading is conditional upon approval of a prospectus by the Financial Conduct Authority ("FCA").
RNS 23rd January
The Company has raised £140,000 by way of a Subscription ("Subscription"), through the issue of 46,666,667 new Ordinary Shares of £0.001 in the Company ("Subscription Shares") at a price of £.0.003 per Subscription Share.
The admission of the Subscription Shares to trading is conditional upon approval of a prospectus by the Financial Conduct Authority ("FCA").
RNS 14th November
In addition, as part of the transaction the parent company of the Lender shall receive 13,000,000 new Ordinary Shares of £0.001 in the Company ("Fee Shares"). The admission of the Fee Shares to trading is conditional upon approval of a prospectus by the Financial Conduct Authority.
RNS 29th September
is pleased to announce it has raised £92,750 by way of Subscription ("Subscription"), through the issue of 30,916,667 new Ordinary Shares of £0.001 in the Company ("Ordinary Shares") at a price of £0.003 per Ordinary Share (the "Subscription Price").
The issue of the new Ordinary Shares to trading is conditional upon approval of a prospectus by the Financial Conduct Authority ("FCA"). Caracal continues to progress the prospectus through the FCA.
Good morning Magoo79, I have also sent emails with no response. I have just emailed Novum Securities in an attempt to either get info from them or for them to get Caracal to release some update of sorts. Probably achieve nothing by this, but, nothing ventured nothing gained. I originally intended to contact the Company Secretary at Cargil Management Services but it looks like that is a dormant company according to Companies House, which is a bit worrying.
Is this company still operating? I emailed them a week ago but didn't get a reply. Or maybe the whole workforce is working on the audit whilst studying where to get the next payday loan.
What a farce
Following publication of the results, we will aim to finalise the prospectus with the FCA as soon as possible.
From what shareholders have voted on the PROSPECTUS it should contain £1,068, 378.08p worth of shares, RM has been forwarded issuing them at 0.3p, since 29th September RNS.
Looks to me like there's around £16.6k left in the issuing pot and therefore nothing more material is left to gain from the prospectus.
Happy to be corrected.
Reality is they didn’t have an auditor and it didn’t start until this year though.
The progress they made was internal. The reference to a lack of auditors to complete fieldwork is the key phrase in that.
Daniel
I would agree with you over a few weeks delay but this dates back to November 1st RNS ! see below
1 Nov 2023 07:00
RNS Number : 9408R
Caracal Gold PLC
01 November 2023
Caracal Gold plc
('Caracal' or the 'Company')
Delay to Publication of Annual Report and Accounts
Further to the announcement on 24 October 2023 regarding the Delay to Publication of Annual Report and Accounts, Caracal is clarifying the reason for delay in publication.
The Company has made good progress on the audit for the year ended 30 June 2023. However, due to a lack of internal resource, difficulty in arranging field work with the Company's auditors, the reduced number of auditors willing to undertake work for Public Interest Entities ("PIE") (such as the Company) and the Company's own cash constraints, the Company is unable to complete its audit within the required timeframe. The Company has since raised further funds and taken on further consultants to assist the Company to meet its reporting obligations going forward.
Each to their own but I'm doubtful this will come back, 40% chance at best.
Audit typically takes a few weeks. That's without an onsite element for a mine too.
Then on top of that you've got the element of it being a new set of auditors so they're likely to be challenging some previous decisions.
Basically, it isn't quick. It's getting on a bit now but I'm not surprised accounts still weren't sorted at end of March. I'll start to worry if we're waiting much longer than a fortnight from now.
What on earthworks are they doing with the audit and getting the shares relisted?. There will for sure be an exodus of shareholders when they do finally get trading again and they can "reset" their story. What I am completly flummaxed about is why its taking soooo long. They are more inept than I think or some really bad news is lurking out there .
Frustrated is now an understatement ! Rant over