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Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce that further to the announcements made on 15 April 2020, the Company has settled the principal amount of the £212,487 unsecured convertible loan notes and accrued interest (the Notes ) by converting the Notes into 28,358,282 new ordinary shares of 0.1 pence each ( Ordinary Shares ) in the Company (the Conversion Shares ).
Application will be made to the Financial Conduct Authority ( FCA ) for the Conversion Shares to be admitted to the Standard List segment of the Official List of the FCA and to trading on the main market ( Main Market ) of the London Stock Exchange ( Admission ). It is expected that Admission will become effective and that dealings in the Conversion Shares will commence at 8.00am on or around 8 January 2021.