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Kavango Resources PLC - London-based, Botswana-focused metals exploration company - Says it is in late-stage discussions to acquire an unnamed gold project in Zimbabwe. Says it has carried out preliminary drilling and exploration in the project area ahead of negotiations. Says it is also in discussions regarding a possible £6 million equity investment through a direct subscription with an undisclosed investor. If terms are finalised and agreed, the proposed subscription will be completed at a price of 1 pence per share. Current stock price: 0.95 pence, down 4.9% 12-month change: down 68% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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