Kavango Resources Plc·Basic Materials

Kavango Resources PLC (LSE:KAV, OTC:KVGOF), the LSE-listed Southern Africa metals explorer and gold producer, rose 18% to 0.88p on Friday after raising approximately $8.4 million through share subscriptions in the UK and Zimbabwe. The company placed 629,991,138 new shares at £0.01 each, a price representing a 33% premium to the previous day's closing mid-market price, across both the London Stock Exchange and the Victoria Falls Stock Exchange (VFEX) in Zimbabwe.

Kavango Resources PLC (LSE:KAV, OTC:KVGOF), the LSE-listed Southern Africa metals explorer and gold producer, rose 18% to 0.88p on Friday after raising...
Kavango Resources Plc, together with its subsidiaries, engages in the exploration of base and precious metals in Botswana. The company explores for nickel, copper, platinum group metals, silver, and rare earth deposits. Its projects include the Kalahari Suture Zone project that consists of 12 prospecting licenses, which covers an area of 7,554 square kilometers located in the southwest of Botswana; the kalahari copper belt project, which comprise of 4 prospecting licenses covering an area of 2,385 square kilometers situated in Botswana; and the Ditau project consists of 2 prospecting licenses that covers an area of 1,386 square kilometers. The company is based in London, the United Kingdom.
Basic Materials
Industrial Materials
107
2020-02-10
0.24