Update on Fundraising, Issue of Equity & TVR
Company issues 595m shares at 0.05p raising £297,500, plus 38m fee shares, admitting to AIM 6 March.
- Placing proceeds £297,500
- Placing shares issued 595,000,000 at 0.05p per share
- Fee shares issued 38,000,000
- Total shares in issue post-admission 2,229,420,573
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Update on Fundraising
Issue of Equity & TVR
Katoro Gold PLC (AIM: KAT), the strategic energy and precious minerals exploration and development company, announces an update regarding its fundraising as previously announced on the 10 February 2025.
The Company has received signed placing letters and subscription monies from all investors with the exception of one subscriber for £20,000 and accordingly will now proceed to issue and allot 595,000,000 Ordinary Shares in respect of a placing for £297,500 at 0.05p per share ("Placing Shares") along with the 38,000,000 Ordinary Shares to be issued pursuant to the settlement of future fees ("Fee Shares").
An application has been made for the admission of the Placing Shares and Fee Shares to trading on AIM which is expected to occur on or around 6 March 2025 ("Admission"). The Company will make a further announcement regarding the issue and admission of the additional shares on receipt of the outstanding subscription amount which is expected to be received next week.
Following Admission, there will be a total of 2,229,420,573 ordinary shares in issue with each ordinary share carrying the right to one vote. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.