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  4. Kavango Resources Share Regulatory News
  5. Completion of £1.4million Financing

Pin to quick picksKavango Resources Regulatory News (KAV)

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Kavango Resources Information

Share Price Information for Kavango Resources (KAV)

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Share Price: 1.175
Bid: 1.10
Ask: 1.25
Change: 0.00 (0.00%)
Spread: 0.15 (13.636%)
Open: 1.225
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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
22nd Jul 20227:00 amRNSIOCG Target Conceptual Economic Viability Report
14th Jul 20227:00 amRNSIndependent Valuation of Kanye Resources
11th Jul 202210:00 amRNSDirector/PDMR Shareholding & TVR
11th Jul 20227:00 amRNSKSZ North: Cluster of EM conductors identified
8th Jul 20222:04 pmRNSAGM Result
8th Jul 202210:30 amRNSAgreed Acquisition of 50pc of Kanye Resources
8th Jul 20227:00 amRNSKanye Resources Operational Update
15th Jun 20227:00 amRNSPortfolio Update
13th Jun 20225:43 pmRNSAnnual Financial Report
7th Jun 20225:30 pmRNSCalling of AGM
31st May 20225:31 pmRNSTotal Voting Rights
31st May 20227:01 amRNSIOCG Presentation
18th May 20227:00 amRNSDitau DITDD004 completion
9th May 20227:00 amRNSKSZ – Second Mineralisation Target Type at the GRS
9th May 20227:00 amRNSPlacing to expand exploration programme
5th May 20229:30 amRNSDitau exploration programme expansion
3rd May 20225:00 pmRNSTotal Voting Rights
29th Apr 20224:19 pmRNSDitau i10 update
26th Apr 20225:00 pmRNSBlock listing Interim Review
19th Apr 20227:03 amRNSDitau i10 target motivation & drill commencement
11th Apr 20224:45 pmRNSTotal Voting Rights
8th Apr 20227:00 amRNSCOO operational update to shareholders
29th Mar 20229:30 amRNSDitau Drill Targets Confirmed
22nd Mar 20222:15 pmRNSDitau Drill Mobilisation & KKME offer withdrawal
21st Mar 20222:00 pmRNSAcquisition
10th Mar 20224:40 pmRNSSecond Price Monitoring Extn
10th Mar 20224:36 pmRNSPrice Monitoring Extension
9th Mar 20227:31 amRNSNew TDEM Loop Designs for the B1 Target Area
3rd Mar 202211:17 amRNSPreliminary Petrology Report TA2DD002 & KSZDD001
2nd Mar 20225:23 pmRNSTotal Voting Rights
2nd Mar 20227:00 amRNSExtension to KKME option
28th Feb 20227:00 amRNSKSZ completion of drillhole KSZDD002
25th Feb 20227:00 amRNS4-day extension to KKME option
3rd Feb 20225:00 pmRNSTotal Voting Rights
26th Jan 20227:46 amRNSChief Operating Officer appointment
21st Jan 20227:00 amRNSGreat Red Spot - strong gravity anomaly identified
17th Jan 20227:46 amRNSKSZ drill operations recommence
10th Jan 20225:05 pmRNSIssue of options & Section 430(2B) Statement
10th Jan 20224:56 pmRNSDirector/PDMR Shareholding
23rd Dec 20217:00 amRNSDirectorate Retirement
17th Dec 20213:18 pmRNSKSZ drilling update
26th Nov 20217:00 amRNSKCB: MoU to accelerate 90% ownership of the LVR JV
26th Nov 20217:00 amRNSOption to acquire up to 51.15% of Molopo Farms
23rd Nov 20217:00 amRNSKSZ – distinctly magnetised 30km target identified
22nd Nov 20217:12 amRNSDrilling commencement & upgraded target motivation
16th Nov 202110:02 amRNSMetal sulphides encountered in Hole KSZDD001
5th Nov 20217:00 amRNSAppointment of COO and Option award
1st Nov 20214:40 pmRNSTotal Voting Rights
29th Oct 202111:29 amRNSKSZ TA2DD002 Downhole EM Conductor Identified
28th Oct 20217:00 amRNSKCB: EMP Awarded & Operational Update
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