Further Admission of Shares

RNS Number : 7702V

Caracal Gold PLC

12 August 2022

 

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

12 August 2022

Caracal Gold plc ('Caracal' or the 'Company')

Further Admission of Shares

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, announces a further admission of shares to trading.

As announced by the Company on 7 December 2021, a number of ordinary shares had been issued in connection with the acquisition of the Tanzanian gold project.

Application is being made to the LSE for 87,476,509 shares to be admitted to trading, with Admission expected on or around 15 August 2022.

The shares will rank pari passu with the Company's existing Ordinary Shares in all respects.

Admission of a further 116,927,834 shares to trading on the Main Market of the LSE remains subject to the publication of a prospectus. Work has commenced on production of the prospectus, which will be published as soon as practicable, subject to approval by the FCA.

Total Voting Rights

As announced by the Company on 3 August 2022, the current issued share capital of the Company is 1,878,977,593 Ordinary Shares, each with voting rights.  This figure remains unchanged from the 3 August 2022 announcement and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

**ENDS**

For further information visit  www.caracalgold.com   or contact the following:

Caracal Gold plc Robbie McCrae Sheila Boit	[e-mail]
VSA Capital Ltd Financial Adviser and Joint Broker Andrew Raca (Corporate Finance) Andrew Monk (Corporate Broking)	[phone]
Clear Capital Markets Limited Joint Broker Keith Swann / Jon Critchley	[phone] / [phone]
St Brides Partners Ltd Financial PR Charlotte Page / Isabel de Salis / Isabelle Morris	[e-mail]
DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger	[e-mail]

Notes

Caracal Gold plc is an emerging East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  To this end, it is progressing a well-defined mine optimisation strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 671,000oz). Additionally, its experienced team, with proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.

Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates.  It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.

 

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