Precious Metals
Posted By OrePulse
Published: 06 Mar, 2026 11:49
Kavango raises $8.4m through Zimbabwe, UK subscriptions
A total of 629.99-million new ordinary shares are to be issued under the subscriptions.
Chairperson and interim CEO Peter Wynter Bee has subscribed for 20-million of the shares in the UK subscription.
Proceeds from both subscriptions, in addition to the existing cash resources of the company and committed funds, amount to about $13.5-million, which are intended to be used for the further expansion of Hillside gold production, the acquisition of Nara and any associated litigation expenses to inter alia complete such acquisition, further exploration and general working capital in Zimbabwe.
The Hillside and Nara projects are both located in Zimbabwe.
Related Articles
Investigation uncovers fraudulent identity documen...
10 Sep, 2024 08:08
The Top Five Gold-Producing Countries in Africa in...
10 Sep, 2024 08:46
AngloGold notes ‘enormous geological potential’ in...
10 Sep, 2024 09:29
Awalé Resources expands BBM gold zone at Odienné p...
10 Sep, 2024 11:38
Proposed amendment: Gold mines to be subject to th...
10 Sep, 2024 12:39
Pan African Resources Annual Result Improves; Expe...
12 Sep, 2024 07:42
African countries are joining the sovereign gold-b...
12 Sep, 2024 08:07
Platinum Group Metals Ltd. Announces Positive Inde...
16 Sep, 2024 09:11
At least 20 likely dead in violence near Papua New...
16 Sep, 2024 10:37
Theta changes funding strategy for South Africa pr...
16 Sep, 2024 11:48Trending News
Energy Other
How U.S., Chinese Investment Models Are Reshaping Nigeria's Trade, Energy Sector...
06 Mar, 2026 12:57
52 min read
Mining Other
Dangote Refinery Recommits to Nigeria's Energy Stability Amid Global Oil Market Volatility...
06 Mar, 2026 12:09
49 min read