REG - Caracal Gold PLC - Notice of General Meeting

Caracal GoldAnnouncement

11/09/2023 07:00

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RNS Number : 9092L  Caracal Gold PLC  11 September 2023

Caracal Gold plc

('Caracal' or the 'Company')

Notice of General Meeting

 

Caracal Gold plc, the expanding East African gold producer with over
1,300,000oz JORC-compliant gold resources, announces that a General Meeting of
the Company will be held at 4.45pm on Friday, 6 October 2023 at DMH Stallard
LLP, 6 New St Square, New Fetter Ln, London EC4A 3BF.

At the General Meeting the following resolutions will be proposed:

Ordinary Resolution:

1.     To authorise the Directors of Caracal to allot securities up to an
aggregate nominal amount of £1,068,376.08.

Special Resolution:

2.     To empower the Directors of Caracal to disapply statutory
pre-emption rights to allot equity securities for cash on a non-pre-emptive
basis.

The passing of the resolutions will allow Caracal to raise further funds to
support its operations and, if necessary, issue shares in lieu of cash
payments to creditors to preserve the Company's cash position. Therefore, The
Board of the Company (the "Board") unanimously recommends that shareholders
vote in favour of all resolutions to be proposed at the General Meeting.

The Notice of General Meeting and Form of Proxy has been posted to
shareholders and a copy of the Notice of General Meeting will also be made
available on the Company's website at www.caracalgold.com
(http://www.caracalgold.com/)

Shareholders are strongly encouraged to vote by proxy as soon as possible but
in any event by 4.45pm on Wednesday, 4 October 2023, using the Form of Proxy
to ensure their vote counts. Please use the Form of Proxy in accordance with
the instructions printed on it and to return it to the Company's registrar:
Share Registrars Limited, 3 The Millennium Centre, Crosby Way, Farnham,
Surrey, GU9 7XX.

**ENDS**

 

 Caracal Gold plc                                    robbie@kilimapesa.com

 Robbie McCrae
 VSA Capital Limited                                 +44 203 005 5000

 Financial Adviser and Joint Broker

 Andrew Raca (Corporate Finance)

 DGWA, the German Institute for Asset and            info@dgwa.org (mailto:info@dgwa.org)

 Equity Allocation and Valuation

 European Investor and Corporate Relations Advisor

 Katharina Löckinger

 

Notes:

Caracal Gold plc is an expanding East African focused gold producer with a
clear path to grow production and resources both organically and through
strategic acquisitions. Its aim is to rapidly increase production to
+50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The company
is progressing a well-defined mine optimisation strategy at its 100% owned
Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion
potential and the ability to increase gold production to 24,000oz p.a. and the
resource to +2Moz (current JORC compliant resources of approx. 706,000oz).
Alongside this, Caracal is undertaking a targeted exploration programme at the
Nyakafuru Project in Tanzania, which has an established high-grade shallow
gold resource of 658,751oz at 2.08g/t contained within four deposits over 280
km2 and appears amenable to development as a large scale conventional open pit
operation.

Caracal's experienced team has a proven track record in successfully
developing and operating mining projects throughout Africa.

The Company is a responsible mining and exploration company and supports the
positive social and economic change that it contributes to the communities in
the regions that it operates. It is a proudly East African-focused company: it
buys locally, employs locally, and protects the environment and its employees
and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange
(LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK). The Company is
also in the process of listing on the Nairobi Securities Exchange.

 

 

 

 

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