Deal Alert: Kavango Resources PLC

PKF supports Kavango Resources PLC in connection with prospectus and fundraising

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We are delighted to have supported Kavango Resources PLC in connection with a prospectus and £3m fundraising by way of a placing and subscription, which also included the issue of shares to Power Metal Resources PLC and LVR GeoExplorers (Pty) Ltd.

The placing and subscription are to raise funds to meet exploration costs across the company’s portfolio of projects in Botswana and general working capital.

PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf.

The Kavango management team have shown the strength of the opportunity by successfully raising in tough market conditions. We look forward to supporting Kavango as it develops its projects throughout Botswana.

Joseph Baulf, Partner


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