Kavango secures US$5m boost from Zim pension funds

BRITISH miner, Kavango Resources Plc, has raised US$5 million by issuing a convertible loan note facility to a consortium of Zimbabwean pension funds to support its mining and exploration activities.

A loan note facility is a type of financing arrangement in which a lender agrees to provide funds to a borrower and in return, the borrower issues loan notes — formal written promises to repay the borrowed amount, often with interest, on agreed terms.

“We are delighted to have secured this US$5 million investment facility from the Comarton Managed Pension Funds Investments Consortium.

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