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Home » Kavango secures US$5 million ahead of VFEX Listing
Companies & Markets

Kavango secures US$5 million ahead of VFEX Listing

written by Almot Maqolo, Staff Writer 0 comments
Kavango intends to convert the loan into equity at a US dollar equivalent of 1p per share, with shares eventually listed on the Victoria Falls Stock Exchange (VFEX).
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KAVANGO Resources, a London Stock Exchange-listed company with gold projects in Zimbabwe, has secured a US$5 million convertible loan note (CLN) facility from Zimbabwean pension funds. The CLN is interest-free and will be drawn down in three tranches, supporting mine development and the construction of Kavango’s first gold processing plant. Kavango intends to convert the…

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