Kavango Resources Secures Gold Mining Projects in Zimbabwe
The news has resulted in a 5% rise in shares at the close of trading. The acquisition will expand Kavango Resources’ presence in Zimbabwe and potentially open up new opportunities in the gold exploration sector.
Gold stock image
Kavango Resources has secured a six-month binding exclusive option to acquire two gold exploration projects in Matabeleland, Zimbabwe. If the option is exercised, the company will pay $500,000 in cash and issue 84 million shares to the vendors, as well as take responsibility for outstanding debts worth $400,000.
The news has resulted in a 5% rise in shares at the close of trading. The acquisition will expand Kavango Resources’ presence in Zimbabwe and potentially open up new opportunities in the gold exploration sector.
