End of June interest building!19 Jun 2020 18:53
The recent positive announcement of the Blyvoor Scoping Study saw a significant increase in interest from possible funders, looking at potentially providing the necessary financing to support the construction and development of the Project. The Company was already engaged with a number of potential funders before announcing the Scoping Study results but received significant interest subsequently.
Given the increased interest, particularly post announcement of the Scoping Study results, Katoro Gold Plc, in conjunction with its JV Partner, believes that it is in the best interests of stakeholders to allow for sufficient time to duly entertain and properly consider the funding options/proposals from these potential funders. It is incumbent on the Company to deliver the optimum outcome for its shareholders and with the increase in interest, an additional period will ensure Katoro can ultimately secure the best possible financing option. With this in mind, the JV Partners have agreed to a further extension until 30 June 2020.