https://www.miningweekly.com
Africa|Botswana|Copper|Exploration|Projects|Resources
Africa|Botswana|Copper|Exploration|Projects|Resources
africa|botswana|copper|exploration|projects|resources

Kavango completes £1.4m financing

14th June 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

London-listed Kavango Resources, a Southern Africa-focused exploration company, announced that, following approval of all of the annual general meeting resolutions by shareholders on June 8, it has completed Stage 1 of the two-stage equity investment to raise £1.4-million through the issue of 140-million new ordinary shares in the capital of the company.

Funds from the Stage 1 subscription will contribute to the company's general working capital, and will further fund proposed exploration work and provide finance for possible acquisitions.

Application will be made for the new ordinary shares to be admitted to the Standard List segment of the official list and to trading on the main market of the LSE. It is expected that admission will become effective and that dealings in the new ordinary shares will begin on June 28.

Kavango has various copper exploration projects under way in Botswana. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.154 0.192s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: