Share Talk Ltd

Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of  257,113,862 New Ordinary Shares in the capital of the Company (“New Ordinary Shares”) at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. The company announced yesterday that it has agreed to updated terms for the exercise of the Hillside Call Option with the vendors of the Hillside Project ("Hillside") and Leopard South Project. Kavango has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000, and which Kavango may at its option buy out within 12 months for an issue of 63,125,000 shares in the Company. Ben Turney, Chief Executive Officer of Kavango, commented: “Following the successful completion of the £3.08million financing, we’ve finalised terms on exercising the