Kavango Resources, a London-listed company, has recruited consultants for a proposed secondary listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe.
The VFEX listing will offer Zimbabwean investors the chance to participate in Kavango's exploration and mining development potential, thereby expanding the company's shareholder base and capital pool.
The company's strategic purpose is to foster robust local ownership in its assets, which encompass the Nara, Hillside, and Leopard gold prospects in Zimbabwe, as well as the Ditau gold possibility in Botswana.
Currently, the VFEX has 15 listed securities and a listed market capitalization of $1.26 billion.
Inter Horizon Advisory is serving as the primary adviser for the proposed transaction, which includes the preparation of documentation such as the pre-listing statement and the securement of regulatory permissions.
Nurture Investment Management, an additional financial services firm, will render investment advice, private equity, and asset management services to the organisation.
Meanwhile, the company has chosen Thamsanqa Mpofu as the chairperson of its subsidiary, Kavango Zimbabwe.
Mpofu has a wealth of experience in company management and commercial operations, having worked with domestic and international organisations in the hotel, distribution, manufacturing, mining, banking, and education sectors.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
