Kansagra-Backed Kavango Resources Plans Zimbabwe Listing to Boost Gold Projects

Kansagra-Backed Kavango Resources Plans Zimbabwe Listing to Boost Gold Projects

Mineral exploration company Kavango Resources Plc, which has the backing of the wealthy Kansagra family, is moving ahead with plans for a secondary listing on the Victoria Falls Stock Exchange (VFEX) to raise funding for gold ventures in Zimbabwe.As part of the listing, the London-headquartered firm will issue 333.4 million new shares. The bulk of these have been taken up by a group of nine Zimbabwean pension funds managed by Comarton Consultant…

Kansagra family's Kavango Resources plans Zimbabwe listing

Kavango Resources, a London-based mineral exploration company backed by the Kansagra family, is preparing for a secondary listing on the Victoria Falls Stock Exchange in Zimbabwe as it shifts its focus to gold production in Southern Africa.Kansagra-backed Kavango to issue new sharesThe company will issue 333.4 million new ordinary shares for its planned listing. A consortium of nine Zimbabwean pension funds managed by Comarton Consultants and Pu…