Kavango Resources Plc, a London-based mineral exploration company backed by the Kansagra family, has raised an additional 150,000 200,000 through a new share subscription. The company issued 15 million new shares at 1 pence each, alongside an extra 129,035 from shares offered at the same price.
This latest round of funding comes just weeks after Kavango completed a 2.2 million 3 million placement and subscription in the United Kingdom, and a 4.5 million share offering on the Victoria Falls Stock Exchange VFEX. The company said the new investment reflects continued demand from investors in both Zimbabwe and the UK.
Strengthening exploration efforts across Southern Africa