Nativo Resources plc has issued 120 million new ordinary shares of nominal value £0.0015 to Axis Capital Markets Ltd under an at-the-market facility. FUNDS The company said that the ATM, of up to £5 million on a gross proceeds basis, replaces the previous at the market facility. The facility provides a “flexible mechanism to seek […]
Tag: Nativo Resources plc
Nativo issues 11m new shares
Nativo Resources plc has issued 11,111,111 new ordinary shares following an exercise of warrants, at £0.0045 per ordinary share, related to the September 2025 placing and subscription. TVRs Following admission, the company’s issued ordinary share capital will comprise 683,680,975 ordinary shares, each with equal voting rights. None of the shares is held in treasury. Nativo […]
Nativo issues 36.6m shares
Nativo Resources plc has issued 36,647,864 ordinary shares, following notice to convert a portion of loan notes, with a value of £186,904.11, held by YA II PN Ltd. TVRs The principal amount remaining of the November 2025 convertible loan notes now stands at £1,260,000, with a maturity date of 3 November 2026. Following admission, Nativo’s […]
Nativo agrees rights over La Patona processing plant
Nativo Resources plc has acquired the right to manage, design, complete and operate the partly built La Patona gold ore processing plant in Acari, some 45km from the Tesoro gold concession. PRODUCTION The company signed the final contracts with the owner of the part-built GOPP, with negotiations taking longer than expected and consequently delaying the […]
Nativo completes additional sampling at Tesoro
Nativo Resources plc has completed additional underground sampling, which aims to confirm the structural continuity of the vein system at the Tesoro concession in Peru. PREPARATIONS The company said it took 117 samples, which would also support the start of production as well as optimise mine planning and grade control at the Bonanza gold mine. […]
Nativo issues 6.9m shares for director salaries
Nativo Resources plc issued 6,858,710 ordinary shares, to its executive chairman Christian Yates and chief executive officer Stephen Birrell, in lieu of salary owing. TVRs The shares issue, announced on 6 February, was at an agreed price of £0.005832 per new ordinary share, representing an 8% premium to the closing market price of the company’s shares on […]