Gold and nickel exploration company Katoro Gold has raised £150 000 for ongoing working capital requirements.
It raised the funds through a placing and subscription of 150 million new ordinary shares at 0.1 pence per share with new and existing shareholders.
Katoro said SI Capital contributed £130 000 while directors Louis Coetzee and Tinus Maree added £10 000, respectively.
The company has an interest in the Blyvoor gold joint venture in South Africa and in the Haneti nickel joint venture project, in Tanzania.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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