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 […]
Tag: Zimbabwe
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 chairman retires
Kavango Resources plc, focused on Botswana and Zimbabwe, announced that its chairman David Smith will retire from the board on 30 June 2025, among other management changes. COMPANY MOVES A solicitor and previously a partner in the company’s solicitors, Druces LLP, Mr Smith assumed his role in January 2021. “The company has advanced and developed […]
Kavango issues 1.48bn shares
Kavango Resources plc issued 1.48 billion shares following publication of its prospectus approved by the Financial Conduct Authority. LISTING The shares issue relates to a £10 million fundraise in 2024 involving 938,028,569 and 547,995,076 new ordinary shares, comprised of a conditional placing and convertible loan notes, respectively. Following admission, Kavango’s total issued share capital will […]
Kavango plans Zimbabwe listing
Kavango Resources plc plans a secondary listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. IMMENSE The company said that the proposed listing would provide access to a wider range of capital and shareholders and promote strong local ownership in its projects. Kavango set up its Zimbabwe gold-focused subsidiary in July 2023. Chief executive […]
Kavango extends Hillside option to review tax changes
Kavango Resources plc has agreed a 90-day extension to the Hillside gold option in Zimbabwe in order to review changes to tax laws. UNCERTAINTY The company said that, based on technical data gathered from exploration including initial core review, it had intended to exercise the option today. The extension follows uncertainty over the impact of […]