REG - Nativo Resources Plc - Issue of Equity

Nativo ResourcesAnnouncement

19/05/2025 16:00

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RNS Number : 2710J  Nativo Resources Plc  19 May 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

19 May 2025

 

Nativo Resources Plc

 

("Nativo" or the "Company")

 

Issue of Equity

Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru,
announces it has issued shares to certain creditors in lieu of cash payments.

 

Accordingly, 3,833,333 new ordinary shares of 0.15 pence each ("Ordinary
Shares") have been issued in lieu of cash for services provided at a price of
0.6 pence per new Ordinary Share, being the closing market price of the
Company's stock on 16 May 2025 (the "Creditor Shares").

 

Admission and Total Voting Rights

Application has been made for the Creditor Shares to be admitted to trading on
AIM ("Admission"). It is expected that Admission will become effective, and
dealings will commence at 8.00 a.m. on or around 23 May 2025. The Creditor
Shares will rank pari passu with the ordinary shares of the Company in issue.

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 92,401,963 with voting rights. This 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's share capital pursuant to (i) the
Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the
London Stock Exchange plc as amended from time to time.

 

For further information please contact:

 Nativo Resources                                   Via Vigo Consulting

 Stephen Birrell, Chief Executive Officer           nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)
 Zeus Capital (Nominated Adviser and Joint Broker)

 James Joyce                                        Tel: +44 (0)20 3829 5000

 James Bavister
 Peterhouse Capital limited (Joint Broker)          Tel: +44 (0)20 7469 0930

 Duncan Vasey

 Lucy Williams

Rose Greensmith
 Vigo Consulting (Investor Relations)               Tel: +44 (0)20 7390 0234

 Ben Simons                                         nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)

 Peter Jacob

Anna Sutton

 

About Nativo Resources plc

 

Nativo has interests in gold mining and exploration projects in Peru.

 

Through a 50:50 joint venture established in July 2024 with an experienced
local partner ("Boku"), Nativo secured an opportunity to scale operations at
the Tesoro Gold Concession, owning 50% of the production and resources.
Production and sales of ore to a local gold ore processing plant began in late
December 2024.

 

In March 2025, Nativo acquired directly a 100% interest in the Morrocota Gold
Mine, proximal to the Tesoro Gold Concession.

 

Longer-term, the Company plans to establish its own gold ore processing plant
to retain a higher margin from production at its mines.

 

In March 2025, Boku also secured an option agreement to evaluate the
opportunity to recover and sell gold and silver from the Toma La Mano tailings
dump in the Ancash region and redeposit the tailings in line with legislation.
The Company is investigating other similar regional tailings opportunities.

 

Follow us on social media:

 

LinkedIn: https://uk.linkedin.com/company/nativoresources-plc
(https://uk.linkedin.com/company/nativoresources-plc)

X: https://x.com/nativoresources (https://x.com/nativoresources)

 

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