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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Katoro Gold Plc | LSE:KAT | London | Ordinary Share | GB00BSNBL022 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.105 | 0.10 | 0.11 | 0.105 | 0.105 | 0.105 | 7,095,493 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -1.05M | -0.0016 | -0.63 | 669.5k |
TIDMKAT
RNS Number : 6294R
Katoro Gold PLC
08 November 2021
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 08 November 2021
Katoro Gold PLC ('Katoro' or the 'Company')
Katoro Raises GBP815,000 in Placing
Katoro Gold PLC (AIM: KAT), the gold and nickel exploration and development company, is pleased to announce that it has successfully raised total gross placing proceeds amounting to GBP815,000 (the "Placing") via the issue of 81,500,000 new ordinary shares at 1 pence per share, of par value GBP0.01 each (the "Placing Shares") facilitated by its broker, SI Capital Ltd. Each Placing Share has one warrant attached which is exercisable at 1.5 pence per warrant (the "Exercise Price") and with an exercise period of 24 months from the date of issue.
Proceeds from the Placing will be utilised primarily to fund the further advancement of the Haneti Nickel Project, where the Company intends to forthwith commence with a diamond-drill drilling campaign, and for working capital requirements.
Admission and Total Voting Rights
Application will be made for the Admission of the Placing Shares, with such Admission expected to become effective on or around 12 November 2021. Following Admission, the share capital of the Company will comprise 460,412,593 Ordinary Shares.
Each Ordinary Share has one voting right. No Ordinary Shares are held in treasury. Accordingly, the total number of voting rights will be 460,412,593 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Katoro under the FCA's Disclosure Guidance and Transparency Rules.
Kibo Energy plc ("Kibo") did not participate in the Placing and following the issue of the Placing Shares and Admission, Kibo will be interested in, in aggregate, 96,138,738 Ordinary Shares representing approximately 20.88% of the Company's then issued share capital.
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited Nominated Adviser Andrew Thomson Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker Sam Lomanto 500 Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media Oonagh Reidy 1177 Ltd Relations Adviser
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END
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(END) Dow Jones Newswires
November 08, 2021 02:38 ET (07:38 GMT)
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