Kavango Resources plc has granted a total of 240 million share options to directors, management and staff. GOLD Directors and persons discharging managerial duties, comprising four out of five on the team, received an aggregate 90 million share options. Employees and consultants received a total of 150m share options. All the options are exercisable at […]
Tag: Kavango Resources plc
Kavango extends completion date for Nara option
Kavango Resources plc has extended the completion date to acquire the Nara gold project in Matabeleland, southern Zimbabwe. COMMITTED The company has agreed with the seller to extend the date to 27 February 2026 in order to formalise legalities. “Both parties remain committed to completion and the execution of the Nara sale and purchase agreement […]
Kavango raises $373,000
Kavango Resources plc has raised US$373,323.19 via a subscription held in Zimbabwe for 27,651,514 new ordinary shares, at the equivalent of £0.01 per share. USES The company has applied for the transition of the Victoria Falls Stock Exchange shares to the equity shares category of the Official List of the Financial Conduct Authority and then to […]
Kavango CEO leaves
Kavango Resources plc chief executive officer and director Ben Turney has left his post, with immediate effect. Executive chairman Peter Wynter Bee becomes interim CEO until the appointment of a new CEO. Non-executive director Donald McAlister will act as interim chief financial officer and Gautam Dalal will be chairman of the audit committee. “Over the […]
Kavango raises £247,000
Kavango Resources plc has raised, in aggregate, £247,000 via subscriptions in the UK and in the USA for a total of 24,557,448 new ordinary shares at £0.01 per share. TVRs On 10 October the company raised £150,000 via a subscription for 15 million new ordinary shares in the UK. An additional US$129,035.24 (£97,000) was raised through […]
Kavango raises £2.2m
Kavango Resources plc has raised £2.2 million by the issue of 227,751,720 new ordinary shares, each at a price of one pence, by a direct subscription and placing. TVRs The southern Africa-focused company’s major shareholder Purebond Ltd directly subscribed for 111,201,720 new ordinary shares. Kavango’s chairman and director Peter Wynter Bee subscribed for 10 million new […]