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  5. Completion of £1.4million Financing

Pin to quick picksKavango Resources Regulatory News (KAV)

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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
10th Jun 20217:00 amRNSKSZ Hukuntsi - Drilling to commence in June
9th Jun 20215:51 pmRNSTR1 - Notification of holding in the Company
4th Jun 20212:00 pmRNSIssue of Options to key members of staff
3rd Jun 20217:00 amRNSKCB update - Cu-Ag targets identified on LVR JV
28th May 20214:45 pmRNSExercise of Warrants
28th May 202111:19 amRNSNotice of AGM & Non-executive director appointment
24th May 202111:35 amRNSLondon South East Natural Resources Webinar
18th May 20215:11 pmRNSTR-1 - Notification of holding in the Company
14th May 20217:00 amRNSSouth Ghanzi - copper/silver exploration update
13th May 20217:00 amRNSFinal Results - year ended 31 December 2020
12th May 20214:54 pmRNSTR-1 Notification of holding in the Company
12th May 20212:22 pmRNSKSZ TDEM surveys - presentation on Vox Markets
5th May 202110:00 amRNSKSZ TDEM Update and Warrant Exercise
20th Apr 20217:05 amRNSStrategic Partnership with Spectral Geophysics
20th Apr 20217:00 amRNSKSZ Hukuntsi - TDEM conductor identified
30th Mar 20214:40 pmRNSTR-1 Notification
29th Mar 20217:00 amRNSLicence acquisitions on the KCB in Botswana
22nd Mar 20217:00 amRNSTR-1 Notification of holding in the Company
19th Mar 20214:43 pmRNSExercise of Warrants
17th Mar 20217:00 amRNSKCB - Encouraging Initial AEM Survey Results
11th Mar 20215:01 pmRNSExercise of Warrants
25th Feb 20215:15 pmRNSExercise of Warrants
17th Feb 20217:00 amRNSShareholder presentation on the KSZ, Botswana
10th Feb 20217:00 amRNSExercise of Warrants and Grant of Share Options
5th Feb 20211:54 pmRNSDirector Dealings
5th Feb 202111:00 amRNSTR-1 Notification of holdings in the Company
5th Feb 20217:00 amRNSWarrant exercise by directors & senior management
3rd Feb 20217:00 amRNSKSZ South new licences & extensive work programme
1st Feb 202111:00 amRNSEarly commencement of AEM surveys in the KCB
29th Jan 202110:10 amRNSCompletion of first TDEM survey KSZ
28th Jan 202111:00 amRNSExercise of warrants
27th Jan 20213:16 pmRNSTR1 Holdings in the Company
11th Jan 20217:00 amRNSBoard Appointments
7th Jan 20214:45 pmRNSBlock Listing Application Update
6th Jan 20211:00 pmRNSBotswana Joint Venture - Early Payment
4th Jan 20217:00 amRNSDitau Orientation Work
23rd Dec 202012:00 pmRNSSouth Ghanzi Project - Copper Exploration Update
23rd Dec 20207:00 amRNSBoard Change
18th Dec 20203:00 pmRNSCLN Conversion and Block Listing Application
17th Dec 20207:00 amRNSKalahari Copperbelt Exploration Update LVR Project
8th Dec 20203:33 pmRNSExercise of Warrants
4th Dec 20207:00 amRNSKalahari Copper Belt - S. Ghanzi Project fieldwork
1st Dec 20207:00 amRNSAdmission of Placing and Subscription Shares
30th Nov 20207:00 amRNS4 Norilsk style target areas selected in the KSZ
20th Nov 20203:30 pmRNSDisclosure of dealing by director's spouse
20th Nov 20207:00 amRNSPublication of Prospectus
10th Nov 20207:00 amRNSProposed placing to raise £2,000,000
23rd Oct 20207:00 amRNSStrong evidence of metal sulphides in the KSZ
1st Oct 20207:00 amRNSInterim Results
29th Sep 20207:00 amRNSRestart of field exploration in Botswana
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