Katoro Gold PLC Katoro Raises GBP815,000 in Placing (6294R)
November 08 2021 - 01:38AM
UK Regulatory
TIDMKAT
RNS Number : 6294R
Katoro Gold PLC
08 November 2021
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 08 November 2021
Katoro Gold PLC ('Katoro' or the 'Company')
Katoro Raises GBP815,000 in Placing
Katoro Gold PLC (AIM: KAT), the gold and nickel exploration and
development company, is pleased to announce that it has
successfully raised total gross placing proceeds amounting to
GBP815,000 (the "Placing") via the issue of 81,500,000 new ordinary
shares at 1 pence per share, of par value GBP0.01 each (the
"Placing Shares") facilitated by its broker, SI Capital Ltd. Each
Placing Share has one warrant attached which is exercisable at 1.5
pence per warrant (the "Exercise Price") and with an exercise
period of 24 months from the date of issue.
Proceeds from the Placing will be utilised primarily to fund the
further advancement of the Haneti Nickel Project, where the Company
intends to forthwith commence with a diamond-drill drilling
campaign, and for working capital requirements.
Admission and Total Voting Rights
Application will be made for the Admission of the Placing
Shares, with such Admission expected to become effective on or
around 12 November 2021. Following Admission, the share capital of
the Company will comprise 460,412,593 Ordinary Shares.
Each Ordinary Share has one voting right. No Ordinary Shares are
held in treasury. Accordingly, the total number of voting rights
will be 460,412,593 and this figure may be used by shareholders as
the denominator for the calculation 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.
Kibo Energy plc ("Kibo") did not participate in the Placing and
following the issue of the Placing Shares and Admission, Kibo will
be interested in, in aggregate, 96,138,738 Ordinary Shares
representing approximately 20.88% 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
Oonagh Reidy 1177 Ltd Relations Adviser
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END
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