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Share Price Information for Kavango Resources (KAV)

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Share Price: 1.425
Bid: 1.40
Ask: 1.45
Change: -0.025 (-1.72%)
Spread: 0.05 (3.571%)
Open: 1.50
High: 1.55
Low: 1.425
Prev. Close: 1.45
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Kavango Resources raises £0.5m to accelerate Botswana work

Mon, 25th Feb 2019 10:46

(Sharecast News) - Botswana-focussed exploration group Kavango Resources has raised £0.5m before expenses through a placing of 17,857,142 ordinary shares, at a price of 2.8p each, it announced on Monday.The London-listed firm said each placing share had a warrant attached, which would be exercisable at a price of 12p from the earlier of the date falling one year after the date of admission, or the date of publication of a prospectus until 31 July 2020.If exercised, it gave the warrant holder the right to an additional half warrant exercisable at 24p prior to 31 July 2022."We are pleased to announce the successful conclusion of a placement with clients of SI Capital," said Kavango Resources chief executive officer Michael Foster."The proceeds of £0.5m before expenses will allow Kavango to accelerate its exploration programme at the Kalahari Suture Zone (KSZ) project area."The KSZ project covers over 9,000 square kilometres of prospecting licences prospective for base metals in southwest Botswana."Foster said the funds would also assist the firm to review other "highly selective" but "potentially very interesting" natural resource opportunities in Botswana."Our current exploration programme in Botswana is on track, with both the airborne electromagnetic survey and the drilling at Ditau, which forms part of the KSZ project progressing according to plan."Further information is expected to be available shortly on both these programmes which the company will of course relay to the market at that time."
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25 Jul 2023 17:08

Kavango signs option to acquire two gold exploration projects

(Alliance News) - Kavango Resources PLC on Tuesday said it has signed an exclusive six-month option to acquire two gold exploration projects in southern Zimbabwe.

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11 Jul 2023 17:05

IN BRIEF: Kavango Resources finds no sulphide in Kalahari drilling

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Announces it has completed hole KSZDD003 within the Kalahari suture zone north project. Explains KSZDD003 is aimed to test the B1 Conductor drill target, which was previously identified by survey data. Reports KSZDD003 was successfully drilled to a depth of 606.00 metres. The hole passed through a sedimentary sequence and two intrusive bodies, thought to be of Karoo age. No sulphide was intersected.

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26 Jun 2023 14:25

IN BRIEF: Kavango Resources signs two year Zimbabwe gold project deal

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Signs exclusive two year option to acquire a gold exploration project in Matabeleland, southern Zimbabwe. Kavango Resources says that the Nara project has 45 contiguous gold claims, and believes it has potential to host a bulk mineable gold deposit. Says the Nara Project has generated approximately 150,000 to 250,000 tonnes of tailings, which presents a separate opportunity for near-term revenue generation.

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14 Jun 2023 11:40

IN BRIEF: Kavango Resources completes GBP1.4 million fundraise

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it has raised GBP1.4 million through the issue of 140.0 new shares at a price of 1 pence each. Notes that it has completed stage one of its two-stage equity investment. Says the funds from the stage one subscription will contribute to the company's general working capital, as well as help fund proposed exploration work and provide finance for possible acquisitions.

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1 Jun 2023 15:52

UK shareholder meetings calendar - next 7 days

Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
  
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10 May 2023 12:37

Kavango shares jump on return to drilling at Kalahari Suture Zone

(Alliance News) - Kavango Resources PLC on Wednesday said it is due to start a drilling campaign on its Kalahari Suture Zone North project.

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9 May 2023 12:20

Kavango Resources to receive GBP6.0 million investment from Purebond

(Alliance News) - Kavango Resources PLC on Tuesday said a GBP6.0 million investment in the company by Purebond Ltd will completed via a direct subscription.

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5 May 2023 14:13

IN BRIEF: Kavango in advanced talks to buy Zimbabwe gold project

Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it is in late-stage discussions to acquire an unnamed gold project in Zimbabwe. Says it has carried out preliminary drilling and exploration in the project area ahead of negotiations.

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28 Apr 2023 17:13

EARNINGS SUMMARY: Supply@Me and Kavango Resources annual losses widen

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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5 Apr 2023 11:50

Kavango identifies evidence of wider mineralised system in Botswana

(Alliance News) - Kavango Resources PLC on Wednesday said it has identified further evidence of a potential wider mineralised system at its Ditau project in southwest Botswana.

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31 Mar 2023 16:39

TRADING UPDATES: FireAngel signs with British Gas; Shanta pours gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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13 Mar 2023 17:26

TRADING UPDATES: RC365 signs deal with Wching; Woodbois raises cash

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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6 Mar 2023 14:20

Kavango shares rise on possibility of gold at Ditau following review

(Alliance News) - Kavango Resources PLC on Monday touted a review of its Ditau project in Botswana, which has identified further gold potential at the site.

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2 Mar 2023 20:02

IN BRIEF: Kavango Resources to focus on B conductors at Kalahari

Kavango Resources PLC - mineral exploration company focused on Botswana - Provides an operational update for its Kalahari Suture Zone North project.

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28 Feb 2023 16:32

Kavango Resources in acquisition talks and outlines review findings

(Alliance News) - Kavango Resources on Tuesday said it was in talks regarding two possible acquisitions as it outlined three key areas of focus following a strategic review of its operations.

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