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Katoro raises £815 000 for Haneti project

8th November 2021

By: Creamer Media Reporter

     

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Gold and nickel exploration and development company Katoro Gold has raised gross proceeds of £815 000 through the issue of 81.5-million new ordinary shares at 1p a share.

Each placing share has one warrant attached, which is exercisable at 1.5p per warrant and with an exercise period of 24 months from the date of issue.

The proceeds from the placing will be used primarily to fund the further advancement of the Haneti nickel project, in Tanzania, where Aim-listed Katoro intends to start a diamond-drill drilling campaign soon, as well as for working capital requirements.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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