Kavango Resources PLC
Deal Alert: PKF supports Kavango Resources PLC in connection with prospectus
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We are delighted to have supported Kavango Resources PLC in connection with a prospectus to raise £4.6m. This fundraise comes as the second of two stages which has seen Kavango Resources Plc raise £6m since June 2023. The placing and subscription are to raise funds to meet exploration costs across the company’s portfolio of projects.
The Company has an issued share capital of £845,569.31 comprising 845,569,314 fully paid Ordinary Shares of nominal value £0.001 each. On Admission, the Company will have an issued share capital of £13,055,693.14 comprising 1,305,569,314 fully paid Ordinary Shares.
“Kavango would like to thank the Capital Markets team at PKF for their assistance provided in connection with the production of a Prospectus for our recent £6m raise on the LSE. PKF Littlejohn, and in particular Jack Devlin, proved responsive in meeting deadlines for this, leading to a successful conclusion to the transaction.”
Brett Grist, COO
Kavango Resources PLC
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf and Jack Devlin.
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