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Katoro Gold Raises £150,000 in Placing
Katoro Gold Raises £150,000 in Placing.
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[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Katoro Gold plc (Incorporated in England and Wales)\n \n (Registration Number: 9306219)\n \n \n Share code on AIM: KAT\n \n \n ISIN: GB00BSNBL022\n \n \n ('Katoro' or 'the Company')\n \n \n \n \n Dated: 3 April 2023\n \n \n Katoro Gold PLC (\n \n 'Katoro\n \n ' or the\n \n 'Company\n \n ')\n \n \n \n \n \n Katoro Gold Raises\n £150,000 in Placing and Director Subscription\n \n \n Settlement of Accrued Director Fees\n \n \n Director/PDMR Shareholding\n \n \n Total Voting Rights\n \n \n \n \n \n \n Katoro Gold PLC (AIM: KAT), the gold and nickel exploration and development company, is pleased to announce that it has raised £150,000 (gross) at 0.1 pence per share, through a placing by SI Capital of £130,000 and Directors' subscription of £20,000, both of which will be used to fund the Company's ongoing working capital requirements (the 'Fundraise'). The Company has also issued £48,000 of new ordinary shares at 0.1 pence per share in settlement of accrued director fees outstanding. \n \n \n \n \n \n \n \n \n \n Details of Fundraise:\n \n \n \n ·\n Katoro has raised £150,000 (gross) through a placing and subscription of 150,000,000 new ordinary shares of 0.1 pence each in the capital of the Company ('Ordinary Shares') ('Financing Shares') at 0.1 pence per share with new and existing shareholders;\n \n \n ·\n Included in the Fundraise are subscriptions of £10,000 by each of Louis Coetzee (and related parties) and Tinus Maree ('Director Subscriptions'); and\n \n \n ·\n Each Financing Share has an attaching warrant to subscribe for a further new Ordinary Share at an exercise price of 0.2 pence per warrant, with a life to expiry of 3 years from the Financing Shares admission to trading on AIM ('Admission'), creating 150,000,000 new warrants ('Financing Warrants').\n \n \n \n Details of the Directors' Fee Settlements\n \n The Company has also issued a total of 48,000,000 new Ordinary Shares, being 12,000,000 Ordinary Shares for each Director of the Company with the exception of Paul Dudley ('Director Fee Shares') at 0.1p being the same price at which the Fundraise has been undertaken together with 48,000,000 warrants on the same terms as the Financing Warrants ('Director Warrants') to Directors in s...