REG - Nativo Resources Plc - Result of Broker Option

Nativo ResourcesAnnouncement

11/10/2024 07:00

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RNS Number : 7875H  Nativo Resources Plc  11 October 2024

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.

 

11 October 2024

 

Nativo Resources Plc

("Nativo" or the "Company")

 

Result of Broker Option

 

Nativo Resources plc (LON:NTVO), which has interests in precious metals mining
and production in Peru, announces that, further to its announcement of 10
October 2024 (the "Placing Announcement"), the Broker Option has now closed.

 

The Company confirms it has issued a further 2,960,000,000 new Ordinary Shares
through the Broker Option (the "Broker Option Shares"), raising a further
£74,000 at the issue price of 0.0025 pence per share.

 

The total amount raised by the Company under the Placing Announcement and
through the Broker Option Shares is £486,000.

 

Admission to trading

 

Application has been made to the London Stock Exchange for the admission of
the Placing Shares, Broker Option Shares and Creditor Shares to trading on AIM
("Admission"). It is expected that Admission will occur at 8.00 a.m. on or
around 16 October 2024.

 

Total Voting Rights

 

On Admission, the Company will have 61,368,391,175 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 61,368,391,175 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.

 

Unless otherwise defined, capitalised terms used in this announcement shall
have the same meanings as set out in the Placing Announcement.

 

 

For further information please contact:

 Nativo Resources                                           Via Vigo Consulting

 Stephen Birrell, Chief Executive Officer                   nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)

 Zeus Capital Limited (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 (formerly Echo Energy 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 Mine, 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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