Katoro Gold PLC Exercise of Warrants (0759D)
14 February 2020 - 10:15PM
UK Regulatory
TIDMKAT
RNS Number : 0759D
Katoro Gold PLC
14 February 2020
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
14 February 2020
Katoro Gold plc ('Katoro' or the 'Company')
EXERCISE OF WARRANTS
Katoro Gold plc (AIM: KAT), the gold and nickel exploration and
development focused company, is pleased to announce that it has
received notice s to exercise warrants , in aggregate, over
4,800,000 ordinary shares of 1 pence in the Company at an exercise
price of 1.5 pence ( the ' Warrant Shares ' ).
Kibo Energy PLC ('Kibo'), the Company's majority shareholder,
and clients of SI Capital, the Company's broker, who both
participated in the October 2019 fundraise (the 'Fundraise'), have
exercised warrants over 1,800,000 and, in aggregate, 3,000,000
Warrant Shares respectively. All funds , amounting to, in
aggregate, GBP72,000, from the exercise of the w arrant s ha ve
been received by the Company and will be used for general working
capital purposes .
Following the exercise of the foregoing warrants, 15.2 m illion
warrants remain outstanding, including 10 m illion warrants held by
Power Metal Resources plc (LON:POW) ('POW') exercisable at 1.25 p
ence and 5.2 m illion held by participants in the Fundraise
exercisable at 1.50 p ence. Should all remaining warrants be
exercised, the Company would receive an additional GBP2 03 ,000 in
cash.
Admission and Total voting rights
Application will be made for the Warrant Shares to be admitted
to trading on AIM, and dealings are expected to commence on or
around 21 February 2020 ( ' Admission ' ). The Warrant S hares will
rank pari passu with the ordinary shares of the Company in issue.
Following Admission, the share capital of the Company will comprise
184,355,462 ordinary shares.
Each ordinary shares has one voting right and no ordinary shares
are held in treasury. Accordingly, the total number of voting
rights will be 184,355,462 and this figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, Katoro under the
FCA's Disclosure Guidance and Transparency rules.
Following the issue of the Warrant Shares and Admission, Kibo
will be interested in, in aggregate, 96,138,738 Ordinary Shares
representing approximately 52.1% of the Company's then issued share
capital.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014.
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Richard Tulloch +44 (0) 20 7409 Strand Hanson Limited Nominated Adviser
Ritchie Balmer 3494
Georgia Langoulant
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
Beth Melluish 1177 Ltd Relations Adviser
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEBBGDDBBBDGGS
(END) Dow Jones Newswires
February 14, 2020 06:15 ET (11:15 GMT)
Katoro Gold (LSE:KAT)
Historical Stock Chart
From Apr 2024 to May 2024
Katoro Gold (LSE:KAT)
Historical Stock Chart
From May 2023 to May 2024