Kavango Resources PLC has successfully raised US$373,323.19 through a strategic fundraise, marking a significant milestone in its efforts to bolster its working capital and drive exploration and mine development activities in Zimbabwe.
The company issued 27,651,514 new ordinary shares at £0.01 per share, demonstrating investor confidence in its growth prospects. The proceeds will be allocated towards working capital and project development, positioning Kavango to advance its projects in Southern Africa.
The shares are set to be listed on the London Stock Exchange’s Main Market and the Victoria Falls Stock Exchange (VFEX), with trading expected to commence on or around December 16, 2025. This dual listing will enhance the company’s visibility and accessibility to investors.
Following the fundraise, Kavango’s total shares with voting rights now stand at 3,662,032,276, underscoring its strengthened financial foundation. This development reinforces the company’s commitment to creating value for its stakeholders and driving growth in the region’s metals exploration and gold production sector.
