Nativo Resources plc has raised £115,384 via a subscription for 38,461,333 new ordinary shares, each at a price of £0.003 pence, by a new institutional investor.
TVRs
Proceeds will go contribute to the company’s working capital for its projects in Peru.
Following admission, Nativo’s issued share capital will comprise 361,930,728, with voting rights.
The company’s assets include the Tesoro gold concession in Arequipa, the Morocotta gold mine, a gold ore processing plant, the Ana Lucia polymetallic concession in Ancash, and a gold and silver tailings recovery project in Huaraz.
Nativo additionally has a 5% interest in the Santa Cruz Sur oil and gas production concessions in southern Argentina.