Katoro Gold PLC Issue of Fee Shares and Total Voting Rights (6441B)
12 January 2018 - 12:26AM
UK Regulatory
TIDMKAT
RNS Number : 6441B
Katoro Gold PLC
11 January 2018
Katoro Gold plc (Incorporated in England and Wales)
(Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 11 January 2018
Katoro Gold Plc ('Katoro' or the 'Company')
Issue of Fee Shares and Total Voting Rights
Katoro Gold Plc (AIM:KAT), the Tanzania focused gold exploration
and development company, notes that further to its announcement on
24 November 2017, it has issued 283,326 new ordinary shares of
GBP0.01 each in the capital of the Company ("Ordinary Shares") to
African Consulting Surveyors ("ACS") for the execution of a Light
Detection and Ranging ("LiDAR") survey at its Imweru gold project
("Imweru") (the "ACS Fee Shares"). The ACS Fee Shares were issued
at a price of 2.9 pence each and represent the full payment due to
ACS. The Company is now in receipt of the LiDAR survey report,
which will allow it to finalise the Imweru CPR and Pre-Feasibility
Study, as indicated in the Company's RNS dated 14 December
2017.
The Company has also issued 496,552 new Ordinary Shares to a
service provider in lieu of cash consideration for its ongoing
services provided to the Company (the "Additional Fee Shares") at a
price of 2.9 pence each.
Total Voting Rights
Application will be made for the admission to trading on AIM of
the ACS Fee Shares and the Additional Fee Shares, with such
admission expected to become effective at 8.00 a.m. on 17 January
2018. Following their admission, the share capital of the Company
will comprise 109,063,210 Ordinary Shares. Each Ordinary Share has
one voting right. No Ordinary Shares are held in treasury.
Accordingly, the total number of voting rights will be
109,063,210.
The above figure may be used by Shareholders as the denominator
for the calculation by which they will determine if they are
required to notify their interest in, or a change to their interest
in, Katoro Gold PLC under the FCA's Disclosure Guidance and
Transparency Rules.
**ENDS**
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
For further information please visit www.katorogold.com or
contact:
Louis Coetzee +27 (0) 83 Katoro Gold Executive Chairman
2606126 plc
Jon Belliss +44 (0) 207 Beaufort Broker
382 8300 Securities
Limited
Richard Tulloch/ +44 (0) 20
Ritchie Balmer/ 7409 3494 Strand Hanson Nominated Adviser
Frederick Limited
Twist
Isabel de +44 (0) 207 St Brides Investor and
Salis / Priit 236 1177 Partners Media Relations
Piip Ltd Adviser
Notes to editors:
In May 2017 Katoro was admitted to trading on AIM. Katoro owns
100% of the Imweru and Lubando Gold Projects in Tanzania, which
both have Mineral Resources established in accordance with the JORC
(2012) Code. The total Mineral Resources stated for Imweru consist
of 11.607 Mt at grade of 1.38 g/t for a Mineral Resource of 515,110
oz Au at a resource pay limit of 0.4 g/t for the open pittable
material and 1.3 g/t for the underground material, while the
Lubando Mineral Resources equate to 6.78 Mt at grade of 1.10 g/t
for 239,870 oz Au at a pay limit of 0.4 g/t to a depth of 200 m and
1.3 g/t below the 200 m depth cut-off. The respective projects also
include the earlier stage Sheba (within the Imweru Licence
Portfolio and Imweru Option Portfolio), Pamba and Busolwa (both
within the Lubando Licence Portfolio and Lubando Option Portfolio)
projects. The JORC Code compliant Competent Person's Report for
each of Imweru and Lubando are available on Katoro's website
www.katorogold.com.
The Company's primary focus is on advancing and developing
Imweru through a work programme which will include, inter alia, a
feasibility study and a drilling programme, with the aim, subject
to funding, to commence production with an initial target of 50,000
oz gold per annum within 18-24 months from admission to AIM.
Updates on the Katoro's activities will be announced as required
and posted on its website www.katorogold.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 11, 2018 08:26 ET (13:26 GMT)
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