Kavango Resources PLC has announced the publication of its approved prospectus for a secondary listing on the Victoria Falls Stock Exchange (VFEX), scheduled for 29 August 2025.
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The company, which is primarily listed on the London Stock Exchange, aims to raise up to US$13.5 million, with US$8.5 million already committed. This includes:
- US$5 million from a convertible loan note facility with Zimbabwean pension funds.
- US$3.5 million from major shareholder Purebond Limited, as part of a US$5 million subscription tied to the company’s acquisition of the Nara Gold Project.
Funds raised will support development at the Hillside Project in Zimbabwe and general working capital needs. A parallel UK fundraising is also planned, with Purebond intending to invest £1 million at the same 1p per share price.
Kavango Resources is a mineral exploration company focused on discovering base and precious metal deposits in southern Africa, with active projects in Zimbabwe and Botswana.
The Victoria Falls Stock Exchange (VFEX), launched in 2020 as a USD-denominated subsidiary of the Zimbabwe Stock Exchange, is based in the special economic zone of Victoria Falls. It aims to attract foreign investment through incentives such as tax exemptions on capital gains, repatriation of funds in foreign currency, and streamlined regulatory requirements, making it an attractive platform for international companies operating in Zimbabwe.
The VFEX Prospectus is available at https://www.kavangoresources.com/investors/corporate-information/
