Kavango Resources PLC Publication of Prospectus (9381F)
20 Novembre 2020 - 08:00AM
UK Regulatory
TIDMKAV
RNS Number : 9381F
Kavango Resources PLC
20 November 2020
PRESS RELEASE
20 November 2020
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Publication of Prospectus
Further to the announcement of 10 November 2020 in which Kavango
announced that it had conditionally raised GBP2,000,000 before
expenses by the issue of 72,727,273 New Ordinary Shares in the
capital of the Company at a price per share of 2.75 pence, the
Company is pleased to announce that the Financial Conduct Authority
approved its Prospectus on 19 November 2020 issued in connection
with the placing of 72,063,636 new Ordinary Shares, the
subscription of 663,637 New Ordinary Shares and admission to the
Official List of the enlarged share capital of 265,682,982, and up
to 244,950,808 New Ordinary Shares. The Company can issue in future
up to approximately 102 million Ordinary Shares without needing to
file another prospectus. The Prospectus has been published in
electronic form and will shortly be available on the Company's
website at:
https://www.kavangoresources.com/investor-relations/admission-document
A copy of the Prospectus has also been submitted to the National
Storage Mechanism and will shortly be available for inspection
at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Further information in respect of the Company and its business
interests is provided on the Company's website at
www.kavangoresources.com and on Twitter at #KAV.
For further information please contact:
Kavango Resources plc
Michael Foster
mfoster@kavangoresources.com
First Equity (Joint Broker)
+44 207 374 2212
Jason Robertson
SI Capital Limited (Joint Broker)
+44 1483 413500
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END
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