Kavango Resources , a London-based mineral exploration company backed by the Kansagra family, is preparing for a secondary listing on the Victoria Falls Stock Exchange in Zimbabwe as it shifts its focus to gold production in Southern Africa.
Kansagra-backed Kavango to issue new shares
The company will issue 333.4 million new ordinary shares for its planned listing. A consortium of nine Zimbabwean pension funds managed by Comarton Consultants and Purebond Ltd., owned by the Kansagra familys Solai Holdings, has taken most of the placement.