Business
New Corporate Broker
New Corporate Broker.
About this update from Focus Xplore Plc
[{"type":"text","content":"\n \nRNS Number : 8805G Katoro Gold PLC 06 March 2018 \n\n \nKatoro Gold plc (Incorporated in England and Wales)\n(Registration Number: 9306219)\nShare code on AIM: KAT\nISIN: GB00BSNBL022\n(\"Katoro\" or \"the Company\")\n \n \nDated: 6 March 2018\n \nKatoro Gold Plc ('Katoro' or the 'Company')\nAppointment of new Broker\n \nKatoro Gold Plc (AIM:KAT), the Tanzania focused gold exploration and development company, is pleased to announce that the Company has appointed SVS Securities Limited (\"SVS\") as its new broker pursuant to AIM Rule 35 to replace Beaufort Securities Limited (\"Beaufort\") after Beaufort was placed into insolvency on 2 March 2018 and were subsequently ordered to cease all regulatory activity by the Financial Conduct Authority (\"FCA\"). \n \n**ENDS**\n \nThis announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.\n \nFor further information please visit www.katorogold.com or contact:\n \n\n\n\n\nLouis Coetzee\n \n\n\[email protected]\n\n\nKatoro Gold plc\n\n\nExecutive Chairman\n\n\n\n\nRichard Tulloch\nRitchie Balmer\nFrederick Twist\n \n\n\n+44 (0) 20 7409 3494\n\n\nStrand Hanson Limited\n\n\nNominated Adviser\n\n\n\n\nBenn Tadd /\nTom Curran\n\n\n+44 (0) 203 7000 093\n\n\nSVS Securities\n\n\nBroker\n\n\n\n\nIsabel de Salis\nPriit Piip\n\n\n+44 (0) 207 236 1177\n\n\nSt Brides Partners Ltd\n\n\nInvestor and Media Relations Adviser\n\n\n\n\n \nNotes to editors:\n \nIn May 2017 Katoro was admitted to trading on AIM. Katoro owns 100% of the Imweru and Lubando Gold Projects in Tanzania, which both have Mineral Resources established in accordance with the JORC (2012) Code. The total Mineral Resources stated for Imweru consist of 11.607 Mt at grade of 1.38 g/t for a Mineral Resource of 515,110 oz Au at a resource pay limit of 0.4 g/t for the open pittable material and 1.3 g/t for the underground material, while the Lubando Mineral Resources equate to 6.78 Mt at grade of 1.10 g/t for 239,870 oz Au at a pay limit of 0.4 g/t to a depth of 200 m and 1.3 g/t below the 200 m depth cut-off. The respective projects also include the earlier stage Sheba (within the Imweru Licence Portfolio and Imweru Option Portfolio), Pamba and Busolwa (both within the Lubando Licence Portfolio and Luband...