21 October 2024
Nativo Resources
Plc
("Nativo"
or the "Company")
Issue of
Shares
Nativo Resources plc (LON:NTVO),
which has interests in precious metals mining and production in
Peru, announces that it has issued 346,153,846 new Ordinary Shares
as payment to certain creditors (the "Creditor Shares"). The
Creditor Shares will be issued at a price of 0.0026 pence per
share, being the closing price as at 18 October 2024.
Admission to trading
Application has been made to the
London Stock Exchange for the admission of the Creditor Shares to
trading on AIM ("Admission"). It is expected that
Admission will occur at 8.00 a.m. on or around 24 October
2024.
Total Voting Rights
On Admission, the Company will have
61,714,545,021 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 61,714,545,021 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.
For
further information please contact:
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Nativo Resources
Stephen Birrell, Chief Executive
Officer
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Via Vigo Consulting
nativo@vigoconsulting.com
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Zeus Capital (Nominated Adviser and Joint
Broker)
James Joyce
James Bavister
Isaac Hooper
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Tel: +44 (0)20 3829 5000
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Peterhouse Capital limited (Joint Broker)
Duncan Vasey
Lucy Williams
Rose Greensmith
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Tel: +44 (0)20 7469 0930
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Vigo Consulting (Investor Relations)
Ben Simons
Peter Jacob
Anna Sutton
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Tel: +44 (0)20 7390
0234
nativo@vigoconsulting.com
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About Nativo Resources 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 concession, 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