Druces advised Kavango Resources, the Southern Africa focused metals exploration company, in connection with a fundraising of approximately £3 million by way of an accelerated bookbuild and subscriptions.
Capital Markets Partner, Jack Dervyn, led the Druces’ team which included Mark Lamph (Senior Associate) and Kajal Sachania (Associate).
Ben Turney, Chief Executive Officer at Kavango Resources, commented:
“Once again, Druces has provided us with excellent guidance on an innovative financing method. The accelerated bookbuild was well received by our shareholders and enabled us to deliver a more transparent and inclusive offering. Jack and his team always respond quickly to our ideas and ensure we are able to reach solutions that meet our needs and work within the regulated environment we operate in.”
Jack Dervyn, Druces, commented:
“The team at Kavango are consistently delivering on fundraisings to assist with pushing forward the plans for the company. We’re excited to walk the path alongside them to see what the future holds.”
Further details of the fundraise are contained in the links below.
- https://www.londonstockexchange.com/news-article/KAV/ps3-08million-accelerated-bookbuild/16443944
- https://www.londonstockexchange.com/news-article/KAV/ps3-08million-accelerated-bookbuild-closes/16450527
For more information contact:
Gerald Schlagman, Head of Business Development & Marketing
Tel: 020 7216 5539
Mob: 07548 241054
Email: g.schlagman@druces.com
