Kavango Resources PLC Exercise of Warrants (7754L)

TIDMKAV

RNS Number : 7754L

Kavango Resources PLC

14 January 2021

PRESS RELEASE

14 January 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Exercise of Warrants

Exercise of Warrants

Kavango announces it has received notices to exercise warrants over 7,500,000 new ordinary shares of GBP0.001 each in the Company (the "Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of warrants granted and announced on 15 April 2020. Subscription monies of GBP75,000 have been received by Kavango in respect of these exercises.

Admission and Total Voting Rights

Application will be made for the Warrant Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00am on or around 26 January 2021.

Following Admission, the total issued share capital of the Company will consist of 302,791,264 Ordinary Shares. Therefore, the total number of voting rights in the Company is 302,791,264 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company.

Further information in respect of the Company and its business interests is provided on the Company's website at

  www.kavangoresources.com   and on Twitter at #KAV. 

For further information please contact:

Kavango Resources plc

Michael Foster

[e-mail]

First Equity (Joint Broker)

[phone]

Jason Robertson

SI Capital Limited (Joint Broker)

[phone]

Nick Emerson

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January 14, 2021 13:18 ET (18:18 GMT)