London-listed Kavango Resources, an exploration company with a focus on Southern Africa, has finished Stage 1 of a two-stage equity investment to raise £1.4 million by issuing 140 million new ordinary shares in the company's capital.
The proceeds from the Stage 1 subscription will go towards the company's overall operating capital as well as funding projected exploratory activities and potential acquisitions.
The Standard List section and trading on the LSE's main market will both receive applications for admission of the new ordinary shares.
Expectations are that the admission will take effect and that trading in the new ordinary shares will start on June 28.
Kavango is engaged in several copper exploration projects in Botswana.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
Exclusive
De Beers shines light on budding jewellery designers
Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...
22 july 2024
DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa
DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...
15 july 2024
Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest
Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.
02 july 2024
Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer
The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...
24 june 2024
Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers
Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible," he does not think this is a route Anglo American...
17 june 2024
