REG - Nativo Resources Plc - Issue of Shares

Nativo ResourcesAnnouncement

21/10/2024 11:30

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RNS Number : 9743I  Nativo Resources Plc  21 October 2024

21 October 2024

 

Nativo Resources Plc

("Nativo" or the "Company")

 

Issue of Shares

Nativo Resources plc (LON:NTVO), which has interests in precious metals mining
and production in Peru, announces that it has issued 346,153,846 new Ordinary
Shares as payment to certain creditors (the "Creditor Shares"). The Creditor
Shares will be issued at a price of 0.0026 pence per share, being the closing
price as at 18 October 2024.

Admission to trading

Application has been made to the London Stock Exchange for the admission of
the Creditor Shares to trading on AIM ("Admission"). It is expected that
Admission will occur at 8.00 a.m. on or around 24 October 2024.

Total Voting Rights

On Admission, the Company will have 61,714,545,021 ordinary shares of 0.0001p
each in issue, each with one voting right. There are no shares held in
treasury. Therefore, upon Admission, the Company's total number of ordinary
shares in issue and voting rights will be 61,714,545,021 and this figure may
be used by shareholders from Admission 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 FCA's Disclosure
Guidance and Transparency Rules.

 

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)  Tel: +44 (0)20 3829 5000

 James Joyce

 James Bavister

 Isaac Hooper

 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

 

Following the partial divestment of its assets in Argentina, Nativo entered
into a 50:50 joint venture in Peru in July 2024 with an experienced local
partner for precious metals (gold/silver) mining and processing of gold ore
(own and third party production) and the cleaning of known tailings deposits
containing Measured and Indicated resources of gold and silver. Through the
JV, known as Boku Resources, Nativo has secured an opportunity to scale
operations in Peru, owning 50% of the production and resources.

 

Initially, Boku is establishing formalised artisanal and small mining
operations on its 100% held Tesoro Gold concession, southern Peru, targeting
early cash flow generation by Q4 2024. The Company plans to establish its own
gold ore processing plant and, longer-term, to pursue its low capex strategies
to appraise and exploit tailings deposits to recover gold, and develop the Ana
Lucia Polymetallic concession.

 

 

Follow us on social media:

 

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

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

 

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