Kavango secures shareholder nod for VFEX listing

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KAVANGO Resources PLC, a London Stock Exchange-listed company with gold projects in Zimbabwe, has secured shareholder approval for its proposed listing on the Victoria Falls Stock Exchange (VFEX).

 The resolutions included the authorization and issuance of VFEX Shares and the disapplication of statutory pre-emption rights, clearing the way for a smooth listing process.

 Removing statutory pre-emption rights accelerates fundraising by allowing shares to be issued directly, indicating a need for quick capital injection to advance time-sensitive projects.

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