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  5. Completion of £1.4million Financing

Pin to quick picksKavango Resources Regulatory News (KAV)

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Share Price: 1.175
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Change: -0.05 (-4.08%)
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Completion of £1.4million Financing

14 Jun 2023 07:00

RNS Number : 6735C
Kavango Resources PLC
14 June 2023
 

PRESS RELEASE

 

14 June 2023

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Completion of £1.4million Financing

Kavango Resources plc (LSE:KAV), the Southern Africa focussed exploration company, is pleased to announce that following the approval of all of the AGM resolutions by shareholders on 8 June 2023, it has completed Stage 1 of the two-stage equity investment (the "Stage 1 Subscription") (>>> announced 09 May 2023) to raise £1,400,000 by the issue of 140,000,000 New Ordinary Shares in the capital of the Company ("New Ordinary Shares") at a price per share of 1 penny.

Use of funds

Funds from the Stage 1 Subscription will contribute to the Company's general working capital, will further fund proposed exploration work and provide finance for possible acquisitions.

Admission

Application will be made for the New Ordinary Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 28 June 2023.

Total Voting Rights 

Following Admission, the total issued share capital of the Company will consist of 845,569,314. Therefore, the total number of voting rights in the Company is 845,569,314 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. 

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Ben Turney

bturney@kavangoresources.com

+46 7697 406 06

First Equity (Broker)

+44 207 374 2212

Jason Robertson

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
9th May 20237:00 amRNSConditional £6million two-stage equity investment
5th May 20237:00 amRNSCorporate update & expiry of warrants
2nd May 20235:51 pmRNSBlock Listing Six Monthly Return
28th Apr 20232:30 pmRNSAnnual Financial Report Published
5th Apr 20237:00 amRNSDitau: Additional Exploration Holes Logged
31st Mar 20237:00 amRNSDitau: 470m Strike Extension to Mineralised BIF
13th Mar 20237:00 amRNSDitau Core Review
6th Mar 20237:00 amRNSDitau: Large-scale Lode Gold Exploration Potential
2nd Mar 20237:00 amRNSUpgrade of B1 Conductor
28th Feb 20233:13 pmRNSGeneral Meeting Result
28th Feb 20237:00 amRNSStrategy Update
20th Feb 20237:00 amRNSKCB – Karakubis Project Update
17th Feb 202312:41 pmRNSKCB PL082 Drilling Report
9th Feb 20234:37 pmRNSNotice of GM
3rd Feb 20235:24 pmRNSOptions award and update
18th Jan 202312:24 pmRNSDirector/PDMR Shareholding
13th Jan 20237:00 amRNSKCB – Drilling to restart at PL082
21st Dec 20227:00 amRNSDirector appointments
16th Dec 20227:00 amRNSKCB – CSAMT Kronos calibration & drill expansion
1st Dec 20226:20 pmRNSTotal Voting Rights
29th Nov 20223:23 pmRNSHolding(s) in Company
28th Nov 202212:46 pmRNSHolding(s) in Company
25th Nov 20227:00 amRNSKCB – CSAMT breakthrough
18th Nov 20221:02 pmRNSPublication of Prospectus
25th Oct 20225:30 pmRNSBlock listing Interim Review
25th Oct 20222:46 pmEQSKavango Resources increases fundraising by £500,000 as Arigo comes in
25th Oct 202211:11 amRNSStrategic Financing to raise additional £500,000
24th Oct 20227:00 amRNSStrategic Financing to raise £3million
20th Oct 20227:00 amRNSKCB – drilling update
14th Oct 20227:00 amRNSDitau – IOCG system confirmed at i10
12th Oct 20227:00 amRNSKCB – Promising CSAMT Results PL082
11th Oct 20227:00 amRNSKCB – Drilling commences
5th Oct 20221:48 pmRNSDirector Dealing
3rd Oct 20227:00 amRNSKCB – Drill Rig Mobilisation
30th Sep 20227:00 amRNSKCB maiden drill programme
29th Sep 20227:00 amRNSKCB – Enhanced drill target resolution over PL082
28th Sep 20227:00 amRNSKCB drill strategy finalised
16th Sep 20227:00 amRNSKCB – completion of acquisition of 90pc of LVR JV
13th Sep 20227:00 amRNSLicence Renewals and 1 New KSZ Licence Issued
9th Sep 20227:00 amRNSHalf-year Report
31st Aug 20227:00 amRNSKCB – target definition on Mamuno Licences
30th Aug 20227:00 amRNSDitau DITDD004 gold mineralising system identified
26th Aug 20227:00 amRNSKCB – target definition PL082/2018
24th Aug 20228:14 amRNSDirector Retirement
23rd Aug 20225:30 pmRNSDirector Retirement
23rd Aug 20227:00 amRNSKSZ JV Search: Financial Adviser Appointment
22nd Aug 20225:30 pmRNSHolding(s) in Company
18th Aug 20227:00 amRNSKSZ - Proof of Concept Drill Campaign Final Report
3rd Aug 20227:00 amRNSKCB – target definition PL036/2020
1st Aug 20225:39 pmRNSTotal Voting Rights
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