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PKF Littlejohn has announced that it has supported Kavango Resources PLC in connection with a prospectus to raise £4.6m.
This fundraise comes as the second of two stages which has seen Kavango Resources Plc raise £6m since June 2023.
The placing and subscription are to raise funds to meet exploration costs across the company’s portfolio of projects.
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf and Jack Devlin.
The company has an issued share capital of £845,569.31 comprising 845,569,314 fully paid Ordinary Shares of nominal value £0.001 each.
On admission, the company will have an issued share capital of £13,055,693.14 comprising 1,305,569,314 fully paid Ordinary Shares.
Kavango Resources is an exploration company targeting world-class base and precious metal discoveries in Botswana and Zimbabwe.
Brett Grist, COO of Kavango, said: “Kavango would like to thank the Capital Markets team at PKF for their assistance provided in connection with the production of a Prospectus for our recent £6m raise on the LSE. PKF Littlejohn, and in particular Jack Devlin, proved responsive in meeting deadlines for this, leading to a successful conclusion to the transaction.”
