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LONDON - Nativo Resources Plc (LON:NTVO), a gold-focused mining company with operations in Peru, announced today it has conditionally raised £400,000 through a placing and subscription of 88,888,889 new ordinary shares.
The shares were priced at 0.45 pence each, according to a company press release statement. Peterhouse Capital Limited arranged the fundraising, which includes one warrant for every share subscribed, exercisable at 0.45 pence for 12 months from admission.
The transaction remains conditional on shareholder approval at the company’s General Meeting scheduled for September 26, 2025, which will authorize the issuance of shares on a non-pre-emptive basis. Subject to approval, the new shares are expected to begin trading on AIM around October 8, 2025.
Nativo indicated the proceeds will be used to strengthen its working capital position and advance mine planning activities at its Tesoro Gold Concession in Peru.
Following the admission of the new shares, Nativo’s total issued ordinary share capital will consist of 450,819,617 shares with voting rights.
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