This announcement contains inside
information for the purposes of Article 7 of the UK version of
Regulation (EU) No 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
11 October 2024
Nativo Resources
Plc
("Nativo"
or the "Company")
Result of Broker
Option
Nativo Resources plc (LON:NTVO),
which has interests in precious metals mining and production in
Peru, announces that, further to its announcement of 10 October
2024 (the "Placing
Announcement"), the Broker Option has now closed.
The Company confirms it has issued a
further 2,960,000,000 new Ordinary Shares through the Broker Option
(the "Broker Option
Shares"), raising a further £74,000 at the issue price of
0.0025 pence per share.
The total amount raised by the
Company under the Placing Announcement and through the Broker
Option Shares is £486,000.
Admission to trading
Application has been made to the
London Stock Exchange for the admission of the Placing Shares,
Broker Option Shares and Creditor Shares to trading on AIM
("Admission"). It is
expected that Admission will occur at 8.00 a.m. on or around 16
October 2024.
Total Voting Rights
On Admission, the Company will have
61,368,391,175 ordinary shares of 0.0001p each in issue, each with
one voting right. There are no shares held in treasury. Therefore,
upon Admission, the Company's total number of ordinary shares in
issue and voting rights will be 61,368,391,175 and this figure may
be used by shareholders from Admission as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Unless otherwise defined,
capitalised terms used in this announcement shall have the same
meanings as set out in the Placing Announcement.
For
further information please contact:
|
Nativo Resources
Stephen Birrell, Chief Executive
Officer
|
Via Vigo Consulting
nativo@vigoconsulting.com
|
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|
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Zeus
Capital Limited (Nominated Adviser and Joint
Broker)
James Joyce
James Bavister
Isaac Hooper
|
Tel: +44 (0)20 3829 5000
|
|
|
|
|
Peterhouse Capital Limited (Joint Broker)
Duncan Vasey
Lucy Williams
Rose Greensmith
|
Tel: +44 (0)20 7469 0930
|
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|
|
|
Vigo
Consulting (Investor Relations)
Ben Simons
Peter Jacob
Anna Sutton
|
Tel: +44 (0)20 7390
0234
nativo@vigoconsulting.com
|
About Nativo Resources plc (formerly Echo Energy plc)
Following the partial divestment of
its assets in Argentina, Nativo entered into a 50:50 joint venture
in Peru in July 2024 with an experienced local partner for precious
metals (gold/silver) mining and processing of gold ore (own and
third party production) and the cleaning of known tailings deposits
containing Measured and Indicated resources of gold and silver.
Through the JV, known as Boku Resources, Nativo has secured an
opportunity to scale operations in Peru, owning 50% of the
production and resources.
Initially, Boku is establishing
formalised artisanal and small mining operations on its 100% held
Tesoro Gold Mine, southern Peru, targeting early cash flow
generation by Q4 2024. The Company plans to establish its own gold
ore processing plant and, longer-term, to pursue its low capex
strategies to appraise and exploit tailings deposits to recover
gold, and develop the Ana Lucia Polymetallic concession.
Follow us on social
media:
LinkedIn: https://uk.linkedin.com/company/nativoresources-plc
X
(Twitter): https://x.com/nativoresources