Online Reporter
Nqobile Bhebhe, Zimpapers Business Hub
KAVANGO Resources has announced an extension to the admission date of its New Ordinary Shares to the Victoria Falls Stock Exchange (VFEX), with the listing now set for September 5, 2025, instead of the previously scheduled August 29, 2025.
In a statement, the company said the change follows the publication of its VFEX Prospectus and is aimed at ensuring full compliance with regulatory requirements.
“Further to the announcement of 30 July 2025, the Company announces that following the publication of the VFEX Prospectus, the admission date of the relevant New Ordinary Shares to the VFEX has been extended from the initially scheduled date of 29 August 2025 to a revised date of 5 September 2025.
“The Company is actively working to conclude all necessary steps in compliance with the relevant regulations and will provide any further updates as appropriate,” said Kavango Resources.
The company’s Board approved the publication of a prospectus on June 26, 2025, outlining its capital-raising strategy of up to US$13,5 million to finance its Zimbabwean gold exploration and mining projects.
According to the prospectus, Kavango has already secured commitments worth US$8,5 million. This includes a US$5 million convertible loan note facility issued to Comarton — a consortium of Zimbabwe-registered pension funds — as well as a US$3,5 million investment from its major shareholder, Purebond Limited.
The remaining US$5 million will be offered to potential subscribers at the time of admission.
A critical step in the listing process is the creation of a Branch Register to facilitate the direct trading of shares in Zimbabwe. The prospectus confirms that the company will “admit the Comarton Tranche 1 Shares and the Purebond Limited Shares, with a combined value of $4 000 000 on introduction to the VFEX.”
The registration process requires shareholders to be entered first on the UK register before being immediately transferred to the Zimbabwe branch register, where Corpserve Registrars will list the shares for VFEX trading.
Kavango’s strategy in Zimbabwe is centred on identifying and consolidating small-scale mining claims into “strategic size packages covering potentially large orebodies,” positioning the company for long-term value creation in the country’s mining sector.
