Last checked at 15 Oct 2019 11:31
Katoro Gold plc (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
15 October 2019
Katoro Gold plc ('Katoro' or the 'Company')
Imweru Gold Project Transaction Update
Katoro Gold plc (AIM:KAT), the Tanzanian focussed exploration and development company, announces that further to its announcement of 30 September 2019, Lake Victoria Gold Limited ('LVG') have now issued 700,000 shares with a value of AUS$70,000 (approximately US$47,230) to Katoro, in recognition of Katoro granting the extension to receipt of the first tranche of monies due under the term sheet of US$50,000 to 31 October 2019. Following the issue of the shares, Katoro is now interested in 0.7% of LVG's share capital.
Louis Coetzee, Executive Chairman of Katoro Gold, said, "We are pleased to have concluded the extension premium payment with LVG, which further proves the commitment from LVG to finalise the acquisition of Imweru. Our new shareholding in LVG will also allow Katoro and its shareholders to continue to indirectly share in the potential upside of Imweru.
I look forward to keeping shareholders update on our progress going forward, as we look to create significant shareholder value from our projects."
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:
Louis Coetzee
| louisc@katorogold.com | Katoro Gold plc | Executive Chairman |
Richard Tulloch Ritchie Balmer Georgia Langoulant
| +44 (0) 20 7409 3494 | Strand Hanson Limited | Nominated Adviser |
Nick Emmerson Sam Lomanto
| +44 (0) 1483 413 500
| SI Capital Ltd
| Broker
|
Isabel de Salis Beth Melluish | +44 (0) 20 7236 1177 | St Brides Partners Ltd | Investor and Media Relations Adviser |