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 […]
Tag: Purebond Ltd
Kavango starts trading on VFEX
Kavango Resources plc today began trading on the Victoria Falls Stock Exchange in Zimbabwe, as a secondary listing. TVRs Shares issued include those from the July fundraise on the VFEX via a subscription and issuance of share awards to eligible employees. Of the total 330,455,092 new ordinary shares in the subscription, 69,364,667 will be issued […]
Kavango exercises Nara gold option
Kavango Resources plc has exercised its option, signed in June 2023, to acquire 100% of the Nara gold project in Matabeleland, Zimbabwe. LISTING The project comprises 45 contiguous gold claims, each of 10 hectares, and covers four historic mines as well as a tailings dump. Over two years, the company has conducted drilling programmes, ground […]
Kavango secures £10.27m financing
Kavango Resources plc has secured strategic financing of £10,277,868 comprising a placing and convertible loan notes. LISTING The placing of 938,028,569 new ordinary shares of £0.001 each at 0.7 pence per share will raise £6,566,200, subject to a Financial Conduct Authority approved prospectus and shareholders. The company’s deputy chairman Peter Wynter Bee has additionally agreed […]
Golden Metal raises £500,000 via subscription
Golden Metal Resources plc has raised £506,250 via a direct and premium priced subscription by Purebond Ltd. The subscription in the company is Purebond‘s second this year and takes the total invested so far to approximately £1.26 million and total ownership to 6.65%. Golden Metal issued 2,250,000 new ordinary shares of 1.0p each representing 2.06% of […]
Kavango raises £3m via Purebond support
Kavango Resources plc has raised £3,085,366 by issuing 257,113,862 new ordinary shares in the capital of the company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. DIRECTORS The company’s major shareholder Purebond Ltd, which subscribed for 221,213,862 new ordinary shares, underwrote the accelerated bookbuild. Purebond’s previous May 2023 investment in […]