Business
Conditional Placing
Conditional Placing.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \nRNS Number : 1562K Kazera Global PLC 27 August 2019 \n\nKazera Global PLC\n27 August 2019\nKazera Global plc\nConditional Placing \nProposed Share Reorganisation\nAppointment of Joint Broker \nKazera Global plc (\"Kazera Global\", \"Kazera\" or the \"Company\"), the AIM quoted investment company which, through its stake in African Tantalum (Pty) Limited (\"Aftan\"), has an interest in the Namibia Tantalite Investment Mine (\"NTI\" or the \"Mine\") in Namibia is pleased to announce that it has conditionally raised a total of £400,000 (before expenses) via a proposed placing by Peterhouse Capital Limited (\"Peterhouse\") of a total of 66,666,667 new ordinary shares in the Company (the \"Placing Shares\") at a price of 0.6 pence per Placing Share (the \"Placing Price) (the \"Placing\") and a further 3,000,000 new ordinary shares issued in lieu of fees to Peterhouse at the Placing Price (the \"Fee Shares\") (together the \"Placing Shares\" and the \"Fee Shares\" are the \"New Ordinary Shares\") (together the \"Fundraise\"). \nThe Fundraise is subject to, inter alia, the approval of shareholders at a general meeting of the Company, further details of which will be published and sent to shareholders in due course. \nFundraise Highlights:\n● The Company has conditionally raised £400,000 (before expenses) through the issue of the 66,666,667 Placing Shares\n \n● The Fundraise is subject to, inter alia, shareholder approval at a general meeting of the Company scheduled to be held on or around 20 September 2019 (the \"General Meeting\"). If approved, the New Ordinary Shares are expected to be admitted to trading on AIM on or around 23 September 2019\n \n● The Placing Price represents a discount of approximately 17% to the closing mid-market price of 0.72 pence per Ordinary Share on 23 August 2019\n \n● The net proceeds of the Placing will be used:\no To complete further drilling over the Purple Haze, White City and Signaalberg acreage with the ultimate aim of reporting a more comprehensive JORC Compliant Mineral Resource which will provide the platform required to engage in discussions with potential interested parties for the next stage of project funding required and;\n· ...