Africa-Press – Zimbabwe. BRITISH miner, Kavango Resources Plc, last week successfully made its secondary listing on the Victoria Falls Stock Exchange, broadening it’s investor access.
The listing comes as the firm, which sought to raise US$13,5 million to support its local mining exploration efforts, raised US$4,5 million during the subscription period.
Kavango recently reported that it had intercepted a high gold deposit of 11,79 grammes per tonne during its drilling campaign at the Bill’s Luck Gold Mine, part of its large Hillside Gold Project.
In a statement, head VFEX markets Robert Mubaiwa said Kavango securities commenced trading on September 8, 2025 and it retained its primary listing on the London Stock Exchange.
“The Victoria Falls Stock Exchange is pleased to announce the successful listing of Kavango Resources Plc (‘Kavango’) by way of introduction, effective September 5, 2025,” he said.
“Trading in Kavango securities will commence on September 8, 2025. Kavango retains its primary listing on the London Stock Exchange (‘LSE’), with the VFEX serving as its secondary listing to broaden investor access.
“Kavango successfully raised US$4,5 million during the subscription period.”
Mubaiwa added that the listing of Kavango on the VFEX offered Zimbabwean investors the flexibility to retain their Kavango Ordinary Shares locally, trade them directly on the VFEX or transfer them to LSE through the branch register control account.
“Investors are advised that shares will not be directly tradeable on the LSE,” VFEX said.
“However, shareholders may initiate an uplift process to transfer their holdings from the VFEX register to the LSE register upon completion of the required procedures.”
The listing was underpinned by the issuance of 333 364 773 new ordinary shares, boosting the company’s total shares in issue to 3,38 billion.
Key allocations included US$693 647 worth of shares to a consortium of local pension funds, US$2,59 million worth of shares to Purebond Limited, US$18 503 worth of shares to Zimbabwean retail investors.
It also includes US$290 968 worth of employee share awards to 157 staff members.
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