Katoro Gold PLC Exercise of Warrants (6796R)
March 09 2021 - 8:20AM
UK Regulatory
TIDMKAT
RNS Number : 6796R
Katoro Gold PLC
09 March 2021
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
9 March 2021
Katoro Gold plc ('Katoro' or the 'Company')
EXERCISE OF WARRANTS
Katoro Gold plc (AIM: KAT), the gold and nickel exploration and
development focused company, is pleased to announce that it has
received notice s from certain clients of SI Capital, the Company's
broker, who participated in the October 2019 fundraise (the
'Fundraise') to exercise warrants , in aggregate, over 1,000,000
ordinary shares of 1 pence in the Company at an exercise price of
1.5 pence ( the ' Warrant Shares ' ). All funds , amounting to, in
aggregate, GBP15,000, from the exercise of the warran ts ha ve been
received by the Company and will be used for general working
capital purposes .
Following the exercise of the foregoing warrants, the Company
currently has 117,274,999 warrants outstanding, including 10
million held by Power Metal Resources plc (LON: POW) exercisable at
1.25p per warrant, 5.1 million held by participants in the October
2019 fundraise exercisable at 1.50p per warrant, 17.2 million
warrants held by participants in the March 2020 fundraise
exercisable at 2p per warrant, 36,666,666 warrants held by
participants in the June 2020 fundraise exercisable at 3p per
warrant, and 48 million held by participants in the December 2020
fundraise exercisable at 3p per warrant.
Should all 117,274,999 warrants be exercised, the Company would
receive an additional GBP3,072,000 in cash inflow which would
provide a significant additional cash runway for the Company.
Admission and Total voting rights
Application will be made for the Warrant Shares to be admitted
to trading on AIM, and dealings are expected to commence on or
around 17 March 2021 ( ' Admission ' ). The Warrant S hares will
rank pari passu with the ordinary shares of the Company in issue.
Following Admission, the share capital of the Company will comprise
378,912,593 ordinary shares.
Each ordinary share has one voting right and no ordinary shares
are held in treasury. Accordingly, the total number of voting
rights will be 378,912,593 and this figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, Katoro under the
FCA's Disclosure Guidance and Transparency rules.
Following the issue of the Warrant Shares and Admission, Kibo
Energy Plc will be interested in, in aggregate, 96,138,738 Ordinary
Shares representing approximately 25.37% of the Company's then
issued share capital.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited Nominated Adviser
Andrew Thomson
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
Beth Melluish 1177 Ltd Relations Adviser
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END
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