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Caracal Gold PLC ( (GB:GCAT) ) has provided an update.
Caracal Gold Plc has announced several key corporate developments as part of its strategy to resume trading on the London Stock Exchange. The company is conducting both statutory and forensic audits to ensure transparency and compliance, addressing significant indebtedness through recapitalization efforts, and has secured interim funding through a convertible loan facility. Additionally, Caracal is updating its prospectus for regulatory approval and has appointed Bowsprit Partners Limited as its financial adviser. The company is also advancing its East African gold strategy by exploring new opportunities in Uganda and strengthening partnerships in Tanzania.
More about Caracal Gold PLC
Caracal Gold Plc is an expanding gold company focused on East Africa, with a strategy to grow gold production and resources through organic growth and strategic acquisitions in Kenya, Tanzania, Uganda, Eritrea, and Burundi. Headquartered in Nairobi, Kenya, the company is committed to responsible mining and exploration, contributing positively to local communities by employing locally and ensuring environmental and employee safety.
Technical Sentiment Signal: Sell
Current Market Cap: £5.41M
Learn more about GCAT stock on TipRanks’ Stock Analysis page.