Source - Alliance News
Kavango Resources PLC - London-based, South Africa-focused metals explorer and gold producer - Raises a further £150,000 via subscription for 15.0 million shares at 1.00 pence each and an extra $129,035 by issue of shares at the same price. This is in addition to recent £2.2 million UK placing and subscription, and $4.5 million VFEX subscription announced last month. Further fund raise comes after Kavango was made aware of further demand for its shares in Zimbabwe and the UK.
Current stock price: 1.00 pence, down 2.2% in London on Friday
12-month change: down 4.6%
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