UK's Katoro Gold hits record low on funding concerns

Focus Xplore

22/12/2022 13:15

** Shares of Katoro Gold  KATK.L  fall as much 45.4% to
record low of 0.0956p
    ** Africa-focused gold and mineral explorer says it will
need to raise further funding in Q1 2023 to be able to continue
as a going concern
    ** Says it is in talks with company' s financial advisers to
ensure sufficient funds to continue its projects
    ** Stock eyes worst day ever, if losses hold 
    ** KATK says current adviser RFC Ambrian will cease to act
as company's nominated adviser on Jan. 10; company in advanced
talks with new adviser
    ** Katoro says shares of company will be suspended from
trading on AIM from Jan. 11, if new adviser not appointed
    ** Including session's losses, stock down ~82% YTD
 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616))