Bullish indicating open at $55-$60, IPO prices at $37
LONDON - Caracal Gold Plc, an East African focused gold company, announced Tuesday it intends to change its name to Imara Gold Plc, according to a company press release.
The name change will apply to all of the company’s operating subsidiaries across East Africa. Following the change, the company will adopt "IGLD" as its new stock ticker symbol on the London Stock Exchange (LON:LSEG).
Caracal Gold currently operates in several East African countries including Kenya, Tanzania, Uganda, Eritrea and Burundi. The company is headquartered in Nairobi, Kenya.
The company has not provided specific reasons for the name change in its announcement. A further announcement will be made when the name change becomes effective after the application to Companies House is processed.
Caracal Gold describes itself as a company focused on growing gold production and resources both organically and through strategic acquisitions and partnerships in the East African region.
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