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17 Apr 2025 11:20
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
17 April 2025
Nativo Resources Plc
("Nativo" or the "Company")
Issue of Equity
Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru, announces it has placed 9,909,862 new ordinary shares at a price of 0.7 pence per share with investors ("Placing Shares"), raising gross proceeds of approximately £70,000. Proceeds from the Placing Shares will be used for working capital.
Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will take place on or around 8.00 a.m. on 25 April 2025.
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares, its issued ordinary share capital will comprise 88,568,630 ordinary shares. All the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 88,568,630. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or a change to their interest in, the Company.
For further information please contact:
Nativo Resources Stephen Birrell, Chief Executive Officer | Via Vigo Consulting nativo@vigoconsulting.com |
| |
Zeus (Nominated Adviser and Joint Broker) James Joyce James Bavister
| Tel: +44 (0)20 3829 5000 |
| |
Peterhouse Capital limited (Joint Broker) Duncan Vasey Lucy WilliamsRose Greensmith | Tel: +44 (0)20 7469 0930 |
| |
Vigo Consulting (Investor Relations) Ben Simons Peter JacobAnna Sutton | Tel: +44 (0)20 7390 0234 nativo@vigoconsulting.com |
About Nativo Resources plc
Nativo has interests in gold mining and exploration projects in Peru.
Through a 50:50 joint venture established in July 2024 with an experienced local partner ("Boku"), Nativo secured an opportunity to scale operations at the Tesoro Gold Concession, owning 50% of the production and resources. Production and sales of ore to a local gold ore processing plant began in late December 2024.
In March 2025, Nativo acquired directly a 100% interest in the Morrocota Gold Mine, proximal to the Tesoro Gold Concession.
Longer-term, the Company plans to establish its own gold ore processing plant to retain a higher margin from production at its mines.
In March 2025, Boku also secured an option agreement to evaluate the opportunity to recover and sell gold and silver from the Toma La Mano tailings dump in the Ancash region and redeposit the tailings in line with legislation. The Company is investigating other similar regional tailings opportunities.
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