Katoro Gold Regulatory News (KAT)

(Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

('Katoro' or 'the Company')

Dated: 14 February 2024

Katoro Gold PLC ('Katoro' or the 'Company')

Additional funding pursuant to Fundraise

Issue of Equity & TVR

Katoro Gold PLC (AIM: KAT), the strategic and precious minerals exploration and development company, announces a further financing update to shareholders.

On 12 February 2024 the Company announced a financing raising £750,000. This announcement may be viewed through the link below:

https://polaris.brighterir.com/public/katoro_gold/news/rns/story/xljg7pr

The Company's broker SI Capital Limited has received, and the Company accepted, a further order from a single institution raising an additional £75,000 cash for the Company (the "Additional Financing").

This Additional Financing increases the total amount raised to £825,000 before expenses including the £750,000 announced on 12 February 2024. The Additional Financing is conditional only on admission of the Additional Financing Shares to trading on AIM (the "Admission").

For the Additional Financing the Company is to issue 75 million new KAT ordinary shares of 0.1p ("Ordinary Shares") at an issue price of 0.1p per share (the "Additional Financing Shares").

Each Additional Financing Share will have an attaching warrant to subscribe for a further KAT new ordinary share at an exercise price of 0.2p per KAT share, with a life to expiry of 3 years from the Admission date (in total 75 million "Additional Financing Warrants").

Should the volume weighted average price ("VWAP") of KAT meet or exceed 0.5p for 5 trading days, KAT will have the right but not the obligation to issue the warrant holder with ten business days' notice to exercise some or all of their remaining Additional Financing Warrants (the "Acceleration"). To be clear, this means KAT may choose to effect the Acceleration in stages.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 75,000,000 Additional Financing Shares to be admitted to trading on AIM which is expected to occur on or around 20 February 2024 ("Admission"). The Additional Financing Shares will rank pari passu in all respects with the existing Ordinary Shares currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 1,575,214,613 ordinary shares of 0.1 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

**ENDS**

For further information please visit www.katorogold.com or contact:

Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.