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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kazera Global Plc | LSE:KZG | London | Ordinary Share | GB00B830HW33 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.65 | 0.60 | 0.70 | 0.65 | 0.65 | 0.65 | 84,830 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 55k | 6.71M | 0.0072 | 0.90 | 6.09M |
TIDMKZG
RNS Number : 5704U
Kazera Global PLC
29 March 2019
The following amendment has been made to the 'Placing to raise GBP0.5 million' announcement released on 25 March 2019 at 08:25 under RNS No 8510T.
Following Admission, the Company's issued share capital will consist of 286,261,207 Ordinary Shares not 284,128,268.
All other details remain unchanged.
The full amended text is shown below.
25 March 2019
Kazera Global plc
Placing to raise GBP0.5 million
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company who, through its stake in African Tantalum (Pty) Limited ("Aftan"), has an interest in the Namibia Tantalite Investment Mine ("NTI" or the "Mine") in Namibia, is pleased to announce that is has raised GBP0.5 million before expenses through a placing of 29,411,765 new ordinary shares of 1p each at a price of 1.70p each.
Highlights:
-- Successful placing to raise gross proceeds of GBP0.5 million through the issue of 29,411,765 new ordinary shares of 1p each at a price of 1.70p each
-- The net proceeds of the Placing will put the Company on a stronger foot to cover its overheads and to continue to progress its drilling campaign of resource identification at Signaalberg and White City deposits, together with advancing discussions with funders for the Orange River Pipeline
Larry Johnson, CEO of Kazera Global, said:
"I am delighted with the continued support that Kazera has received from our shareholders. The proceeds of the placing will be used for working capital purposes and will enable Kazera to continue the drill programme at key targets, Signaalberg and White City, which follows the completion of drilling at Homestead and Purple Haze, where we await the results.
As announced last week, we are also conducting discussions with two international groups who have approached the Company with indicative offers for the funding of construction of the Orange River Pipeline to the Mine, as well as offtake proposals. This new funding will further enable this process."
Placing Summary
The Placing will raise, in aggregate, GBP0.5 million before expenses through the placing of, in aggregate, 29,411,765 new Ordinary Shares (the "Placing Shares") at a price of 1.70p per share (the "Placing"). The Placing Shares to be issued will rank pari passu in all respects with the Company's existing Ordinary Shares and, subject to shareholder approval, will represent approximately 10.1% of the Company's enlarged issued ordinary share capital, following admission of the Placing Shares.
Application will be made for the 29,411,765 Placing Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading in the Placing Shares will commence at 8:00 a.m. on 28 March 2019.
Total Voting Rights
Following Admission, the Company's issued share capital will consist of 286,261,207 Ordinary Shares, with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury and therefore this figure of 286,261,207 Ordinary Shares 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 under the FCA's Disclosure Guidance and Transparency Rules.
**ENDS**
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980 Larry Johnson (CEO) finnCap (Nominated Adviser and Joint Tel: +44 (0)207 220 broker) 0500 Scott Mathieson / Anthony Adams (corporate finance) Shore Capital (Joint broker) Tel: +44 (0)207 408 Jerry Keen (corporate broking) 4090 Camarco (PR) Tel: +44 (0)203 781 Gordon Poole / James Crothers / Monique 8331 Perks
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
March 29, 2019 14:02 ET (18:02 GMT)
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