Kavango Resources plc expects to acquire “shortly” the Nara gold option in Zimbabwe, after signing a deed of variation to “address the mechanics of completion” for the purchase. COMMITTED At the start of March the company had faced seller’s default on the terms of the June 2023 call option, and was considering all solutions, including […]
Tag: call option
Kavango agrees extension to acquire Nara
Kavango Resources plc has agreed a time extension to acquire the Nara gold project in Zimbabwe, after the seller defaulted on the terms of the call option. FORMALITIES The company exercised the option in July 2025 and, following a previous extension, completion was scheduled for 27 February 2026. Earlier in March, Kavango said that, following […]
Kavango faces seller default on Nara gold option
Kavango Resources plc said it was exploring all solutions after the seller of its Nara gold project in Zimbabwe defaulted on the agreed terms of the call option. ENFORCEMENT The company signed the agreement in June 2023, and exercised the option in July 2025, with the seller Simon John Bowman. Following an extension, completion of […]