30 January 2025
Nativo Resources
Plc
("Nativo"
or the "Company")
Issue of Equity and Total
Voting Rights
Nativo Resources plc (LON:NTVO),
which has interests in gold mines in Peru, announces it has issued
shares to certain creditors in lieu of cash payments in a bid to
continue to preserve cash resources as the Company seeks to deliver
its growth strategy while improving its balance sheet.
Accordingly, 473,684,210 new
ordinary shares of 0.0001 pence each ("Ordinary Shares") have been
issued in lieu of cash for services provided at a price of 0.0019
pence per new Ordinary Share, being the closing mid-market price of
the Company's stock on 29 January 2025 (the "Creditor
Shares").
Application has been made to the
London Stock Exchange for the Creditor Shares to be admitted to
trading on AIM ("Admission") and it is expected that such Admission
shall take place on or around 8.00 a.m. on 5 February
2025.
In accordance with the provision of
the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority, the Company confirms that, following the issue
of the Creditor Shares, its issued Ordinary Share capital will
comprise 74,935,895,896 Ordinary shares. All of the Ordinary Shares
have equal voting rights and none of the Ordinary Shares are held
in Treasury. The total number of voting rights in the Company
will therefore be 74,935,895,896. The above figure may be used by
shareholders as the denominator for the calculations to determine
if they are required to notify their interests in, or a change to
their interest in, the Company.
For
further information please contact:
|
Nativo Resources
Stephen Birrell, Chief Executive
Officer
|
Via Vigo Consulting
nativo@vigoconsulting.com
|
|
Zeus Capital (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
|
|
|
|
|
Vigo Consulting (Investor Relations)
Ben Simons
Peter Jacob
Anna Sutton
|
Tel: +44 (0)20 7390
0234
nativo@vigoconsulting.com
|
About Nativo Resources plc
Nativo has interests in gold mining
and exploration projects in Peru. Through a 50:50 joint venture
established in July 2024 with an experienced local partner, Nativo
secured an opportunity to scale operations at the Tesoro Gold
Concession, owning 50% of the production and resources. Production
and sales of ore to a local gold ore processing plant began in late
December 2024.
In December 2024, Nativo also agreed
to acquire directly a 100% interest in the Morrocota Gold Mine,
proximal to the Tesoro Gold Concession. Production from Morrocota
is anticipated to commence by the end of Q2 2025. Longer-term, the
Company plans to establish its own gold ore processing plant to
retain a higher margin from production at its mines.
In addition to primary gold mining
projects, the Company also holds the Ana Lucia Polymetallic
concession, and is investigating low capex strategies to appraise
and exploit tailings deposits to recover gold.
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LinkedIn: https://uk.linkedin.com/company/nativoresources-plc
X
(Twitter): https://x.com/nativoresources
