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: Kavango Resources plc
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 raises £6.3m
Kavango Resources plc has raised approximately US$4.7 million (£3.5m) in Zimbabwe and £2.8m in the UK, both at or the equivalent of £0.01 per share. NARA The fundraise was by way of a subscription for an aggregate 629,991,138 new ordinary shares at a 33% premium to the mid-market price at close on 5 March 2026. […]
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 […]
Kavango issues 74m shares
Kavango Resourcs plc will issue 74,016,243 new ordinary shares to Comarton Consultants Ltd and nine pension funds, under the Comarton managed pension funds investments consortium. TVRs The consortium’s agent and administrator is Zimbabwe-registered Comarton. Kavango said that the shares issue increased the total number of consortium pension funds invested in Kavango to 12. On admission, the funds will have […]
Kavango chairman increases shareholding
Kavango Resources plc chairman and interim chief executive officer Peter Wynter Bee has increased his holdings in the company with share purchases. TVRs On 8 January 2025, Mr Wynter Bee bought 4,502,662 new ordinary shares, each at a price of 0.00761 pence, for a total £34,265.26. A TR-1 notification from 7 January shows that Wynter […]