TIDMKAT

RNS Number : 6294R

Katoro Gold PLC

08 November 2021

Katoro Gold plc (Incorporated in England and Wales )

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

   ("Katoro" or  "the   Company") 

Dated: 08 November 2021

Katoro Gold PLC ('Katoro' or the 'Company')

Katoro Raises GBP815,000 in Placing

Katoro Gold PLC (AIM: KAT), the gold and nickel exploration and development company, is pleased to announce that it has successfully raised total gross placing proceeds amounting to GBP815,000 (the "Placing") via the issue of 81,500,000 new ordinary shares at 1 pence per share, of par value GBP0.01 each (the "Placing Shares") facilitated by its broker, SI Capital Ltd. Each Placing Share has one warrant attached which is exercisable at 1.5 pence per warrant (the "Exercise Price") and with an exercise period of 24 months from the date of issue.

Proceeds from the Placing will be utilised primarily to fund the further advancement of the Haneti Nickel Project, where the Company intends to forthwith commence with a diamond-drill drilling campaign, and for working capital requirements.

Admission and Total Voting Rights

Application will be made for the Admission of the Placing Shares, with such Admission expected to become effective on or around 12 November 2021. Following Admission, the share capital of the Company will comprise 460,412,593 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 460,412,593 and this 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 under the FCA's Disclosure Guidance and Transparency Rules.

Kibo Energy plc ("Kibo") did not participate in the Placing and following the issue of the Placing Shares and Admission, Kibo will be interested in, in aggregate, 96,138,738 Ordinary Shares representing approximately 20.88% 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 
 Bhavesh Patel     +44 20 3440 6800        RFC Ambrian Limited   Nominated Adviser 
  Andrew Thomson 
 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 
  Oonagh Reidy      1177                    Ltd                   Relations Adviser 
 

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END

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(END) Dow Jones Newswires

November 08, 2021 02:38 ET (07:38 GMT)

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