Kavango Resources (GB:KAV) has released an update.
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Kavango Resources PLC, a Southern Africa-focused metals exploration company, has announced that Deputy Chairman Peter Wynter Bee is backing the company with a £200,000 investment through a Convertible Loan Note as part of their Cap-Ex Programme. The loan note, with a 10% annual coupon and twelve-month term, is convertible into shares upon the release of a prospectus, which is currently under review by the Financial Conduct Authority. This move follows a similar £2 million investment by Purebond Limited and is part of the company’s strategy to list its shares on the Victoria Falls Stock Exchange.
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