Katoro Gold Update

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to draw investors' attention to the announcement issued today by Katoro Gold plc (LON: KAT)(“Katoro Gold” or “Katoro”).

The announcement may be viewed through the following link:
https://polaris.brighterir.com/public/katoro_gold/news/rns/story/x2o9knr

Power Metal Resources holds 10,000,000 Katoro shares which represents 4.38% of Katoro Gold’s issued share capital. In addition, POW also holds 10,000,000 warrants in Katoro Gold exercisable at 1.25p (2,500,000 warrants expiring on 15 March 2022 and 7,500,000 warrants expiring on 15 May 2022).

POW also has a 25% interest in Katoro’s Haneti polymetallic project in Tanzania, with a right to increase its interest to 35% by a payment to Katoro of £25,000 in cash by 15 May 2020.

Download the full RNS release (PDF)

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7 May 2020

 
 
 

Power Metal Resources plc
201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT
United Kingdom

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