Kavango Resources plc has raised £750,000 by way of a “heavily oversubscribed” placing at 3p per share over the weekend. A total 25 million new ordinary shares were placed with institutional, high net worth and retail investors. The company said the placing price was not at a discount to the offer price of its shares […]
Tag: metals and minerals
Kavango notes potential second target at Great Red Spot in KSZ
Kavango Resources plc said it had found a second target, similar to the Oylmpic Dam polymetallic operation, in the Great Red Spot (GRS) in its Kalahari Suture Zone (KSZ) nickel-copper project in Botswana. GREAT RED SPOT The company added that the GRS conformed to an idealised model for a large iron oxide copper-gold (IOCG) style […]
GreenRoc Mining CEO Kirk Adams steps down
GreenRoc Mining plc’s chief executive Kirk Adams has resigned from the board, effective from 6 May. The company said that he was leaving for personal reasons. Non-executive director Lars Brünner will be the CEO until the company appoints a new long-term successor.
Red Rock notes directors’ dealings
Red Rock Resources plc has issued 5,038,253 ordinary shares of £0.0001 each in the company under its share incentive plan (SIP) for the 2021/22 tax year. DIRECTORS’ PARTICIPATION The company said that this was agreed by the trustees in their meeting held on 1 April 2022 and approved by the board of directors yesterday, 5 May. Four directors […]
Red Rock attracts $100,000 investment for Zimbabwe lithium project
Red Rock Resources plc said that a group of high net worth investors had acquired a 10% early stage interest for US$100,000 in the company’s lithium project in Zimbabwe. APPLICATIONS The funds will develop the company’s 75% subsidiary African Lithium Resources Pvt Ltd (ALR) which it established in March. Red Rock recently submitted an application […]
Caerus Mineral appoints Richard Hawken as NED
Caerus Mineral Resources plc has appointed Richard Hawken to the board in the role of non-executive director. He joins Andrew Daniels whose position and in-country role in Cyprus remain unchanged. AFRICA Mr Hawken has a long career in mining and exploration in southern Africa. He will be jointly responsible for managing new business acquisitions focused […]