REG - Kavango Resources - Additional Fundraise in Zimbabwe

Kavango ResourcesAnnouncement

Wed 15:30

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RNS Number : 0654L  Kavango Resources PLC  10 December 2025

10 December 2025

Kavango Resources PLC

("Kavango" or the "Company")

Additional Fundraise in Zimbabwe

 

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused
metals exploration and gold production company, is pleased to announce that
the Company has raised US$373,323.19 in Zimbabwe by way of subscription (the
"Subscription") and issue of 27,651,514 new ordinary shares at the equivalent
of £0.01 per share (the subscription price which is set out in the VFEX
Prospectus) (the "VFEX Shares").

 

Admission

Application has been made for the VFEX Shares to be first admitted to the
Equity Shares (Transition) category of the Official List of the FCA and to
trading on the Main Market of the London Stock Exchange ("Admission") and then
immediately transferred to Zimbabwe through a branch register control account,
in order for the VFEX Shares to be listed and directly traded in Zimbabwe
("VFEX Admission").

It is expected that Admission and the VFEX Admission will become effective and
that dealings in the VFEX Shares will commence at 8.00 am on or around 16
December 2025.

 

Use of funds

Proceeds from the Subscription will contribute to general working capital and
will fund further exploration and mine development work in Zimbabwe.  Further
information can be found in the Company presentation available on the
Company's website:

https://www.kavangoresources.com/investors/company-presentation/
(https://www.kavangoresources.com/investors/company-presentation/)

 

Total Voting Rights

In accordance with DTR 5.6.1 of the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules (the "DTRs"), the total number of Ordinary
Shares in issue as at the date of admission of the VFEX Shares will be
3,662,032,276 with each Ordinary Share carrying the right to one vote.

The Company does not hold any shares in treasury. Therefore, the number of
Ordinary Shares with voting rights will be 3,662,032,276, with each Ordinary
Share carrying the right to one vote, of which 370,573,735 Ordinary Shares are
secondary listed on the Victoria Falls Stock Exchange.

The above figure may be used by shareholders 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 the Company, under the DTRs.

 

For further information please contact:

 

 Kavango Resources plc                                    Shard Capital Partners LLP          BlytheRay
 (Executive Chairman & Interim CEO)
                                   (Financial PR)

Peter Wynter Bee                                        (Corporate Broker)                  Tim Blythe/Megan Ray/Said Izagaren

+44 7973 818125                                         Damon Heath                         kavango@blytheray.com (mailto:kavango@blytheray.com)

+44 207 186 9952
+44 207 138 3204

 Inter-Horizon Group                                      Nurture Advisory (Private) Limited
 (Sponsoring  Broker - Zimbabwe)                          (Arrangers - Zimbabwe)

Lloyd Mlotshwa

                                                        Zinzi Mlambo- Ziki
 lmlotshwa@ih-group.com (mailto:lmlotshwa@ih-group.com)

                                                        zinzi.ziki@nurtureinvest.com

 

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