Gold and nickel exploration and development company Katoro Gold (LON: KAT) announced Monday that it has raised £815,000 via the issue of 81.5 million new shares at 1p per share.
Each placing share also has one warrant attached, which is exercisable at 1.5p per warrant, with an exercise period of 24 months from the issue date.
Katoro said the money raised will primarily be used to fund the advancement of the Haneti Nickel Project, where it intends to commence a diamond-drill drilling campaign.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The AIM-quoted company currently has 2 projects in Africa, the previously mentioned Haneti Project in Tanzania and the Blyvoor Gold joint venture in South Africa.
Katoro’s share price rose to a high of 1.1p on the announcement. It is currently trading at 1p per share, up over 11%. However, Katoro’s stock price is still down over 50% for the year to date.
Should you invest in Katoro Gold shares?
Katoro Gold shares are traded on the London stock exchange’s AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are KAT shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
