Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it has raised £1.4 million through the issue of 140.0 new shares at a price of 1 pence each. Notes that it has completed stage one of its two-stage equity investment. Says the funds from the stage one subscription will contribute to the company’s general working capital, as well as help fund proposed exploration work and provide finance for possible acquisitions.

Current stock price: 0.99 pence, down 3.5%

12-month change: down 58%

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