Caracal Gold PLC Notice of General Meeting (9092L)
11 September 2023 - 8:00AM
UK Regulatory
TIDMGCAT
RNS Number : 9092L
Caracal Gold PLC
11 September 2023
Caracal Gold plc
('Caracal' or the 'Company')
Notice of General Meeting
Caracal Gold plc, the expanding East African gold producer with
over 1,300,000oz JORC-compliant gold resources, announces that a
General Meeting of the Company will be held at 4.45pm on Friday, 6
October 2023 at DMH Stallard LLP, 6 New St Square, New Fetter Ln,
London EC4A 3BF.
At the General Meeting the following resolutions will be
proposed:
Ordinary Resolution:
1. To authorise the Directors of Caracal to allot securities up
to an aggregate nominal amount of GBP1,068,376.08.
Special Resolution:
2. To empower the Directors of Caracal to disapply statutory
pre-emption rights to allot equity securities for cash on a
non-pre-emptive basis.
The passing of the resolutions will allow Caracal to raise
further funds to support its operations and, if necessary, issue
shares in lieu of cash payments to creditors to preserve the
Company's cash position. Therefore, The Board of the Company (the
"Board") unanimously recommends that shareholders vote in favour of
all resolutions to be proposed at the General Meeting.
The Notice of General Meeting and Form of Proxy has been posted
to shareholders and a copy of the Notice of General Meeting will
also be made available on the Company's website at
www.caracalgold.com
Shareholders are strongly encouraged to vote by proxy as soon as
possible but in any event by 4.45pm on Wednesday, 4 October 2023,
using the Form of Proxy to ensure their vote counts. Please use the
Form of Proxy in accordance with the instructions printed on it and
to return it to the Company's registrar: Share Registrars Limited,
3 The Millennium Centre, Crosby Way, Farnham, Surrey, GU9 7XX.
**ENDS**
Caracal Gold plc robbie@kilimapesa.com
Robbie McCrae
VSA Capital Limited
Financial Adviser and Joint Broker
Andrew Raca (Corporate Finance) +44 203 005 5000
----------------------
DGWA, the German Institute for info@dgwa.org
Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Katharina Löckinger
----------------------
Notes:
Caracal Gold plc is an expanding 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. The company 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 the ability to increase gold production to
24,000oz p.a. and the resource to +2Moz (current JORC compliant
resources of approx. 706,000oz). Alongside this, Caracal is
undertaking a targeted exploration programme at the Nyakafuru
Project in Tanzania, which has an established high-grade shallow
gold resource of 658,751oz at 2.08g/t contained within four
deposits over 280 km2 and appears amenable to development as a
large scale conventional open pit operation.
Caracal's experienced team has a proven track record in
successfully developing and operating mining projects throughout
Africa.
The Company 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). The Company is also in the process of listing on the
Nairobi Securities Exchange.
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END
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