PKF supports publication of prospectus and admission of new ordinary shares to the Main Market
We are delighted to have supported Kavango Resources PLC in connection with publication of prospectus for fundraise of £6.6 million through subscription of 938,028,569 new ordinary shares at 0.1 pence each at the price of 0.7 pence per new ordinary share, and the conversion of loan notes into 547,995,076 new ordinary shares of 0.1 pence (including interest shares) (together the “New Ordinary Shares”).
The New Ordinary Shares are admitted to the Equity Shares (Transition) category of the Official List and to trading on the main market of the London Stock Exchange plc, giving a market capitalisation of £21,340,947.74.
Kavango Resources PLC is an exploration company targeting world-class base and precious metal discoveries in Zimbabwe and Botswana.
“PKF are proud to have assisted Kavango in the completion of this strategic fundraise to develop the next stage of its work programme. We look forward to supporting Kavango with their continued growth ambitions.”
Joseph Baulf, Partner | PKF
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, John Paolo Dula and Henry Charatan.
Find out more about how our Capital Markets team can support you and your business here.
